Essays in monetary policy and international finance
This dissertation consists of three essays that examine aspects of monetary and exchange rate policy choices in developing and emerging market economies.
The first essay models limited financial market participation in less-developed economies to present a counterpoint to Milton Friedman’s well-known case for exchange rate flexibility. I analyze the welfare-maximizing choice of monetary policy in a small open economy with high financial exclusion and nominal rigidities. My findings ...Expand abstract
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- University of Oxford
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