Exchange-Rate-Based Stabilization : A Critical Look at the Stylized Facts

A Critical Look at the Stylized Facts

Exchange-Rate-Based Stabilization : A Critical Look at the Stylized Facts
Do exchange-rate-based stabilizations generate distinctive economic dynamics? To address this question, this paper identifies stabilization episodes using criteria that differ from those in previous empirical studies of exchange-rate-based stabilizations. We find that, while some differences can be detected between exchange-rate-based... READ MORE...

Publication date: October 1999
ISBN 9781451855364
$15.00

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