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Attitudes Towards Inflation and the Viability of Fixed Exchange Rates: Evidence From the EMS

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NBER1992-04-01 更新2025-01-04 收录
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History provides us with many examples of multiple country fixed exchange rate regimes that have eventually fallen apart. In light of these failures, why has the EMS been so successful in stabilizing exchange rates among members, and in expanding its membership? This paper argues that one key aspect

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1992-04-01
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