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Special Exchange Rates for Capital Account Transactions

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NBER1985-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1659
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The exchange rate consistent with high employment and a balanced current account are rarely the same as the rates consistent with asset market equilibrium at interest rates policy makers wish to prevail. Whenever rates are freely determined the assets markets prevail and the results may be hard to
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1985-07-01
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