Lai, Ching‐Chong; Hsiao, Wen‐tzong; Chang, Wen‐ya - In: Journal of Economic Studies 12 (1985) 4, pp. 52-57
Traditionally, international monetary economists focus their attention on the framework of either a pure fixed or a pure flexible exchange rate system. With the demise of the Bretton Woods system, many countries have begun to use an intervention policy in the foreign exchange market and adopted...