Destabilizing Effects of Exchange-Rate Escape Clauses
收藏NBER1991-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3603
下载链接
链接失效反馈官方服务：
资源简介：
This paper studies the merits of policy rules with escape clauses, analyzing as an example fixed exchange-rate systems that allow member countries the freedom to realign in periods of stress. Motivating this example is the debate within the European Monetary System over how quickly to move from the
提供机构：
美国国家经济研究局
创建时间：
1991-01-01
