Real Exchange Rate Variability under Pegged and Floating Nominal Exchange Rate Systems: An Equilibrium Theory
收藏NBER1988-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2565
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资源简介：
This paper proposes a new explanation for the greater variability of real exchange rates under pegged than under floating nominal exchange rate systems. The explanation hinges on the propensity of governments to use international trade restrictions and financial restrictions for balance-of-payments
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美国国家经济研究局创建时间：
1988-04-01
