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: Theory and Evidence -- PART III: THE INTEGRATION AND FUNCTIONING OF CAPITAL MARKETS -- 6. International Capital Mobility in …
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This paper reports evidence on the characteristics of fixed and flexible exchange rate regimes. It contrasts experience under three interwar exchange rate regimes: the free float of the early 1920s, the fixed rates of 1927-31, and the managed float of the early 1930s. A number of important...
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