Bergman, Michael U. (contributor); … - 2008
interest rates, then the optimal monetary policy response to the threat of a currency crisis is restrictive. We demonstrate …,andthecreditmultiplierdependsonrealinterestrates,then
the optimal monetary policy response to the threat of a currency crisis is restrictive.
We demonstrate that this result is … policy to prevent or resolve a currency crisis has at-
tracted a lot of attention in the literature, in particular in the …