Shah, Ajay; Patnaik, Ila; Sethy, Anmol; … - eSocialSciences - 2010
, many economies experienced a brief period of extreme flexibility. A `fear of floating' gave reduced flexibility when the … crisis subsided, but flexibility after the crisis was greater than that seen prior to the crisis. Contrary to the idea of a … durable Bretton Woods II arrangement, Asia then went on to slowly raise flexibility and reduce the role for the US Dollar …