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This paper examines different explanations-initial conditions, openness to trade and FDI, and...

Using symmetric data sets of 92 weekly return observations before and after the introduction of...

Several transition countries have experienced strong real exchange rate appreciations. This paper...

This paper considers how an international lender of last resort (LOLR) can prevent...

Fixed exchange rate regimes have come into disrepute, as their defense has become all but...

This paper addresses the important question of how far a government will run down its stock of...