Losing Credibility : The Stabilization Blues

The Stabilization Blues

Losing Credibility : The Stabilization Blues
In exchange rate-based stabilization programs, credibility often follows a distinct time pattern. At first it rises as the highly visible nominal anchor provides a sense of stability and hopes run high for a permanent solution to the fiscal problems. Later, as the domestic currency appreciates in real terms and the fiscal problems are not fully... READ MORE...

Publication date: September 1992
ISBN 9781451958591
$15.00

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