Optimal currency baskets and the third c
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Graham Bird; Ramkishen Rajan
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Article
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2002
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John Wiley and Sons
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English
β 208 KB
## 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?