Speculation and the decision to abandon a fixed exchange rate regime
β Scribed by Ivan Pastine
- Book ID
- 117140099
- Publisher
- Elsevier Science
- Year
- 2002
- Tongue
- English
- Weight
- 177 KB
- Volume
- 57
- Category
- Article
- ISSN
- 0022-1996
No coin nor oath required. For personal study only.
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## Abstract This paper investigates the price and output stabilization properties of fixed and floating exchange rates using a small open economy model. The performance of the two regimes is compared in the face of money demand, aggregate demand and aggregate supply shocks. It is shown that the ran
## Abstract Following the demise of the BrettonβWoods, increasing number of countries has been opting for flexible exchange rate regimes. Exiting from fixed regimes however is not without costs. Regime transitions have often been occurred in the midst of a crisis, which has considerable economic co