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dc.contributor.authorBerger, Helge
dc.contributor.authorJensen, Henrik
dc.contributor.authorSchjelderup, Guttorm
dc.date.accessioned2006-08-15T12:01:40Z
dc.date.available2006-08-15T12:01:40Z
dc.date.issued2000-10
dc.identifier.issn0804-6824
dc.identifier.urihttp://hdl.handle.net/11250/162822
dc.description.abstractThe choice of an exchange rate peg often points to a trade-off between gaining credibility and losing flexibility. We show that the flexibility loss may be reduced if domestic and foreign shocks are correlated and more volatile. Allowing for a plausible structural change after a peg, a flexibility gain may result.en
dc.format.extent156292 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoengen
dc.publisherNorwegian School of Economics and Business Administration. Department of Economicsen
dc.relation.ispartofseriesDiscussion paperen
dc.relation.ispartofseries2001:8en
dc.subjectexchange rate regime choiceen
dc.subjectcredibility versus flexibilityen
dc.subjectinternational spill-oversen
dc.subjectimported stabilizationen
dc.titleTo peg or not to peg? : a simple model of exchange rate regime choice in small economiesen
dc.typeWorking paperen


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