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Balance-of-Payments Crises and Devaluation

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NBER1983-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1103
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The collapse of a fixed exchange rate is typically marked by a sudden balance-of-payments crisis in which"speculators" fleeing from the domestic currency acquire a large portion of the central bank's foreign exchange holdings.Faced with such an attack, the central bank often withdraws temporarily
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1983-04-01
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