Endogenous Exchange Rate Regime Switches
收藏NBER1989-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3066
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In this paper we demonstrate that exchange rate regime switching is compatible with optimal government policies. Nominal exchange-rate regimes are formalized as equilibrium commitments on future seigniorage policies, and the collapse of an exchange-rate peg as an excusable default which allows the
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美国国家经济研究局创建时间：
1989-08-01
