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Twin Fallacies About Exchange Rate Policy in Emerging Markets

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NBER2003-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w9670
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资源简介:
Two assertions about exchange rate regimes circulate with some frequency in policy circles. The first, the hypothesis of the excluded middle, holds that authorities must either choose perfectly floating exchange rates (preferably anchored by an inflation target for the central bank) or a hard
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2003-05-01
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