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

โœ 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

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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