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On the Desirability of a Regional Basket Currency Arrangement

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NBER2000-11-01 更新2025-01-04 收录
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This paper considers a theoretical model to examine an optimal exchange rate regime for (Asian) emerging market economies that export goods to the U.S., Japan, and neighboring countries. The optimality of the exchange rate regime is defined as minimizing the fluctuation of trade balances, in the

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2000-11-01
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