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Why the Middle is Unstable: The Political Economy of Exchange Rate Regimes and Currency Crises

✍ Scribed by Thomas D. Willett

Book ID: 111025350
Publisher: John Wiley and Sons
Year: 2007
Tongue: English
Weight: 145 KB
Volume: 30
Category: Article
ISSN: 0378-5920
DOI: 10.1111/j.1467-9701.2007.01023.x

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## Abstract Since the adoption of flexible exchange rates, real exchange rates have been much more volatile than they were under Bretton Woods. However, the volatilities of most other macroeconomic variables have remained approximately unchanged. This poses a puzzle for standard international busin