Riding the wave: monetary responses to aid surges in low-income countries.
We focus on the management of highly persistent shocks to aid flows, including HIPC or MDG-related increases in net flows, in the presence of currency substitution by the domestic private sector. Such shocks have beneficent long-run effects, but when currency substitution is high they can produce dr...
| Main Authors: | , , , |
|---|---|
| פורמט: | Working paper |
| שפה: | English |
| יצא לאור: |
CSAE (University of Oxford)
2006
|