Self-fulfillment Expectations, Speculation Attacks, and Capitol Controls
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This paper examines the endogenous implementation of capital controls in the context of a fixed exchange rate regime. It is shown that if there exists a non-zero probability that the policymaker's response to a speculative attack on official foreign reserves will be the introduction of controls,
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美国国家经济研究局创建时间：
1988-06-01
