C HAPTER 17 FIXED EXCHANGE RATES AND FOREIGN EXCHAGNE INTERVENTION

Figure 17-1 Asset Market Equilibrium with a Fixed Exchange Rate, E O

Figure 17-2 Monetary Expansion Is Ineffective Under a Fixed Exchange Rate

Figure 17-3 Fiscal Expansion Under a Fixed Exchange Rate

Figure 17-4 Effect of a Currency Devaluation

Figure 17-5 Capital Flight, the Money Supply, and the Interest Rate

Figure 17-6 Effect of a Sterilized Central Bank Purchase of Foreign Assets under Imperfect Asset Substitutability

Figure 17AI-1 The Domestic Bond Supply and the Foreign Exchange Risk Premium Under Imperfect Asset Substitutability

Figure 17AIII-1 How the Timing of a Balance of Payments Crisis Is Determined