Capital Flows as an Offset to Monetary Policy: The German Experience (Les flux de capitaux peuvent-ils mettre en echec la politique monetaire? L'experience allemande) (Los flujos de capital como neutralizadores de la politica monetaria: La experiencia alemana)

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Abstract
The objective of IMF Staff Papers is to publish high quality research produced by IMF staff and invited guests on a variety of topics of interest to a broad audience including academics and policymakers in the member countries of the IMF.
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