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How Do Fixed-Exchange-Rates Regimes Work: The Evidence From The Gold Standard, Bretton Woods and The EMS

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NBER1988-11-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w2766
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资源简介:
This paper defines two competing hypotheses on the working of fixed exchange rates. The "symmetry" hypothesis states that every country is concerned with the good functioning of the system, and cannot afford to deviate from world averages. Every country is just left to follow the rules of the game,"
提供机构:
美国国家经济研究局
创建时间:
1988-11-01
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