Blar i Centre for Applied Research at NHH (SNF) 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
(Report, Research report, 2001-05)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 ...