Siklos, Pierre L. (contributor) - 1998 - Rev. Mar 7/05
the middle of 1995, following a change in government and,
more significantly, a change in exchange rate regimes. Indeed …) adopted different exchange rate regimes at the outset of th e
tr ansitional phase, and typically experienced real … r eal exchange rate is also clearly influenced by the ability of central banks to steriliz e
c apital flows. Accordingly …