Monetary Contracting Between Central Banks and the Design of SustainableExchange-Rate Zones
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An exchange-rate system is a set of contracts which commits central banks to intervene in the foreign-exchange market. The design features of the system include: the rules of intervention, the limits placed on exchange rates and the "crisis scenario" which describes possible transitions to new
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美国国家经济研究局创建时间：
1990-09-01
