๐”– Bobbio Scriptorium
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Speculation on a new physics

โœ Scribed by H. Nakamura


Book ID
108441959
Publisher
Elsevier Science
Year
2000
Tongue
English
Weight
206 KB
Volume
675
Category
Article
ISSN
0375-9474

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This paper develops the idea that full monetary union eliminates the channels through which private speculative attacks have typically ended fixed exchange rate regimes. Profitable speculation against the regime would require government actions following a regime change that are prohibitively costly