Living with the Fear of Floating: An Optimal Policy Perspective
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As documented in recent studies, developing countries (classified by the IMF as floaters or managed floaters) are extremely reluctant to allow for large nominal exchange rate fluctuations. This 'fear of floating' is reflected in the fact that, in spite of being subject to larger shocks, developing
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美国国家经济研究局创建时间：
2001-07-01
