Pricing-to-market, the interest-rate rule, and the exchange rate
By: Maurice Obstfeld
Contributors: National Bureau of Economic Research
Series: NBER working paper series -- working paper 12699; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 12699.
Publisher: National Bureau of Economic Research
Published: 2006
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] /
Description: "Even when the exchange-rate plays no expenditure-switching role, countries may wish to have flexible exchange rates in order to free the domestic interest rate as a stabilization tool.  In a setting with nontraded goods, exchange-rate movements may also enhance international risk sharing"--National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 12/20/2006.

Includes bibliographical references.

Also available in print.

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Mode of access: World Wide Web.