Exchange rate co-ordination for surmount
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Ronald I. McKinnon
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Article
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1999
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John Wiley and Sons
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English
โ 132 KB
interest rates necessary today for defending spot exchange rates are still higher than they need be. Further progress is slowly nudging spot rates upward through time, so as to increase dollar values of their currencies expected in the future, could prevent further rounds of `beggar-thy-neighbour' d