The choice between fixed and flexible exchange rates: Which is best for a small open economy?

2006 ◽  
Vol 28 (4) ◽  
pp. 371-385 ◽  
Author(s):  
Wolfram Berger
1998 ◽  
Vol 30 (9) ◽  
pp. 1147-1155 ◽  
Author(s):  
Geoff Kenny ◽  
Donal Mcgettigan

2011 ◽  
Vol 48 (1) ◽  
pp. 125-134
Author(s):  
Katarína Makovínyiová ◽  
Rudolf Zimka

Abstract A four-dimensional macroeconomic model of a small open economy under fixed exchange rates is investigated. The model describes the development of national income, capital stock, interest rate and money stock. Sufficient conditions for the existence of an invariant torus are given. A numerical example illustrating the gained results is presented.


1990 ◽  
Vol 1 (3) ◽  
pp. 269-289 ◽  
Author(s):  
Jürgen von Hagen ◽  
Manfred J. M. Neumann

2007 ◽  
Vol 95 (1) ◽  
pp. 132-139 ◽  
Author(s):  
Juan A. Garcia-Cebro ◽  
Ramon Varela-Santamaria

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