Why Should Emerging Economies Give up National Currencies: A Case for 'Institutions Substitution'
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Financial contagion and Sudden Stops of capital inflows experienced in emerging-markets crises may originate in an explosive mix of lack of policy credibility and world capital market imperfections that afflict emerging economies with national currencies. Hence, this paper argues that abandoning
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美国国家经济研究局创建时间：
2002-05-01
