書誌事項
- タイトル別名
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- ザイセイ セイサク ト ツウカ キキ セイサク トウキョク ノ ヨサン セイヤク ト セイサク ルール ノ シテン カラ
- Fiscal policy and currency crisis: an empirical analysis from the perspective of government's budget constraint and fiscal policy rules
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抄録
This research investigates that the currency board can prevent currency crisis with a perspective of the government's budget constraint and fiscal policy rule. Results from our analysis clarify subsequent implications. First, the equilibrium level of exchange rate and prices depend on the fiscal policy. Second, under the currency board regime, the currency crisis based on fundamentals can be occurred in the case that the ‘Active’fiscal policy which is inconsistent with exchange rate parity is implemented, and the self-fulfilling currency crisis can be occurred in the case that the‘Passive’fiscal policy is implemented. Third, the Argentine currency crisis in the end of 2001 is based on the fundamentals with the result of fiscal expansion and the debt accumulation in the latter half of 1990s.
田口信夫、高倉泰夫、森永春乃先生 定年退職記念号
經營と經濟, 91(1-2), pp.37-64; 2011
収録刊行物
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- 経営と経済
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経営と経済 91 (1-2), 37-64, 2011-09-26
長崎大学経済学会
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詳細情報 詳細情報について
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- CRID
- 1050850247216754048
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- NII論文ID
- 110009487143
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- NII書誌ID
- AN00069150
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- ISSN
- 02869101
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- HANDLE
- 10069/28489
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- NDL書誌ID
- 11292295
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- 本文言語コード
- ja
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- 資料種別
- departmental bulletin paper
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- データソース種別
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- IRDB
- NDL
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