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TRANSMISSION OF REAL AND MONETARY DISTURBANCES UNDER FIXED AND FLOATING EXCHANGE RATES
MONETARY DISTURBANCES FIXED FLOATING EXCHANGE RATES
2008/12/3
The world economy since the 19th century has been characterized
by varying degrees of interdependence. In the pre—World War I
world, individual economies to a great extent were exposed to economic
...
FIXED VERSUS FLOATING EXCHANGE RATES
FLOATING EXCHANGE RATES flexible exchange rates firmly fixed exchange rates European Monetary System
2008/11/12
In the 1990s, a new consensus emerged regarding exchange rate
regimes. Governments must choose between flexible exchange rates
and firmly fixed exchange rates. Pegged rates of the adjustable sort,
...
SENSE AND NONSENSE OF FIXED EXCHANGE RATES：ON THEORIES AND CRISES
EXCHANGE RATES FIXED Bretton Woods system
2008/11/12
Preferences for exchange rate regimes appear to move in cycles.
Before the collapse of the Bretton Woods system of fixed parities in
1973, policymakers and economists advocated flexible exchange rat...
