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Fear of Floating [PDF]

open access: possibleSSRN Electronic Journal, 2000
In recent years, many countries have suffered severe financial crises, producing a staggering toll on their economies, particularly in emerging markets. One view blames fixed exchange rates“soft pegs”--for these meltdowns. Adherents to that view advise countries to allow their currency to float.
Guillermo A. Calvo   +2 more
openaire   +4 more sources

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