Castrén, Olli (contributor); Takalo, Tuomas (contributor); … - 2004
of structural reform makes a currency peg
more fragile and undermines the credibility of the monetary authority in a … improve the economy’s resilience to shocks and hence the
credibility of the exchange rate peg.
In a setting where … they have
announced the peg, their actions must be concentrated on maintaining it, and, as a
consequence of doing so, they …