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Real exchange rate variability tends to be higher under flexible than under fixed exchange rates....

This paper contains essays on sterilized intervention, on covered interest rate parity, and on...

The paper presents estimates of devaluation expectations for six EMS currencies relative to the...

This note provides an overview of the uncovered interest parity assumption. It traces the history...

The sheer size of mandated trade among members of the Council for Mutual Economic Assistance...

This paper analyzes the consequences of the growing interdependence of world financial markets...