Why Exchange Rate Bands? Monetary Independence in Spite of Fixed Exchange Rates
收藏NBER1992-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4207
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The paper argues that the reason real world fixed exchange rate regimes usually have finite bands instead of completely fixed exchange rates between realignments is that exchange rate bands, counter to the textbook result, give central banks some monetary independence, even with free international
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美国国家经济研究局创建时间：
1992-11-01
