A Unifying Framework for Analysing Offsetting Capital Flows and Sterilisation
Sophocles Brissimis (),
Heather Gibson () and
DEOS Working Papers from Athens University of Economics and Business
This paper provides a unifying framework in which identified offset and sterilisation equations can be derived and estimated. The theoretical model suggests that, in the case where the central bank cares about bouth external and internal goals and capital is less than perfectly mobile, there will be some offsetting capital flows and the central bank will sterilise. Several results from the literature are encompassed as special case.
Keywords: CAPITAL MARKET; ECONOMIC MODELS (search for similar items in EconPapers)
JEL-codes: G10 E58 (search for similar items in EconPapers)
Pages: 33 pages
References: Add references at CitEc
Citations: Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Journal Article: A Unifying Framework for Analysing Offsetting Capital Flows and Sterilization: Germany and the ERM (2002)
Working Paper: A Unifying Framework for Analysing Offsetting Capital Flows and Sterilisation (1997)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:aue:wpaper:97-06
Access Statistics for this paper
More papers in DEOS Working Papers from Athens University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Ekaterini Glynou ().