Verifying exchange rate regimes / Jeffrey Frankel ... [et al.] Frankel, Jeffrey A

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Frankel, Jeffrey A
Appears In
The Journal of Development Economics
Foreign exchange.; Foreign exchange rates.; Monetary policy -- Research
One reason intermediate exchange rate regimes have fallen out of favor is that they are not transparent or easy to verify. A simple peg or a simple float may be easier for market participants to verify than a more complicated intermediate regime.
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