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The currency crises of the 1990s all exhibit a divergence of the nominal and the real exchange rate together with an increase in the negative current account. The nominal rate does not reflect inflation differences fully and the ensuing real appreciation leads to a negative current account. This...
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Untersuchungsabschnitte befassen sich mit dem laufenden Reformprozeß selbst. Nach einer Bestandsaufnahme der Systemtransformation wird eine …
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