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Balance of Payments Anti-Crises

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Source: Balance of Payments Anti-Crises

Volume/Issue: 2009/134

Series: IMF Working Papers

Author(s): Isabel Yan , and Michael Kumhof


Publication Date: 01 June 2009

ISBN: 9781451872811

Keywords: Balance of payments anti-crises, inflation dynamics, foreign exchange, exchange rate, inflation targeting,

Several emerging economies have, until recently, experienced large government surpluses and accelerating foreign exchange reserve accumulation. This has been accompanied by economic booms, exchange rate appreciatio...