Blar i Discussion papers (SAM) på emneord "imported stabilization"
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To peg or not to peg? : a simple model of exchange rate regime choice in small economies
(Discussion paper, Working paper, 2000-10)The 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 ...