Haku

There is an extensive theoretical literature dealing with the role of economic policy in small and open economies. The models employed in this literature often seem to yield simple and strong conclusions: under fixed ...

In this paper we examine the reserve requirement as an instrument of monetary policy in a small open economy with perfect capital mobility and a fixed exchange rate. The deposit rate is assumed to be institutionally fixed. ...

Viime vuosikymmenen ja erityisesti viime vuosien aikana on Suomen rahataloudessa tapahtunut kehitys, joka on merkinnyt markkinaelementtien huomattavaa lisäystä. Lisäksi taloudenpitäjien kasvanut tuottoja markkinatietoisuus, ...