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Exchange risk premia in a currency basket system

✍ Scribed by Hörngren, Lars ;Vredin, Anders

Book ID
112829712
Publisher
Springer
Year
1989
Tongue
English
Weight
726 KB
Volume
125
Category
Article
ISSN
1610-2924

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## Abstract Recent financial crises seem to have led to the broad consensus that developing countries should steer clear of exchange rate regimes that lie anywhere between the two extremes or [corner solutions] of credibly fixed or flexible arrangements. But is this a reasonable position to adopt?