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Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?

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NBER2017-02-01 更新2025-01-04 收录
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This paper provides a comprehensive history of anchor or reference currencies, exchange rate arrangements, and a new measure of foreign exchange restrictions for 194 countries and territories over 1946-2016. We find that the often-cited post-Bretton Woods transition from fixed to flexible

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2017-02-01
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