The Optimal Weighting of Indicators for a Crawling Peg
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This paper derives optimal weights for current-account and reserve indicators for adjusting the exchange rate (a "crawling peg"). Keven (1975)showed that use of a current account indicator alone would not stabi1iereserves, while a reserve indicator results in unstable fluctuations in the exchange
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美国国家经济研究局创建时间:
1980-08-01



