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This paper analyzes institutional arrangements for exchange rate systems and reviews what we know. It looks at the foreign exchange market, different balance of payment situations in which countries find themselves and the necessary exchange rate adjustments. It studies the options that are...
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of the IMF in light of the past experience in preventing currency crises and a systemic breakdown of the world … world economy. …
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fundamentals of the economy negatively and imply low growth and high unemployment. An empirical index is constructed. In the period …
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