Takagi, Shinji; Ciubotaru, Vitalie - In: Research in Economics and Business: Central and Eastern … 5 (2013) 1
This paper explores the Moldovan exchange rate policy puzzle: why the country has pursued a soft peg to the US dollar, despite the virtual absence of direct trade with the United States, increasing “euroisation” of the economy, and an inflation-targeting monetary policy regime. In an attempt...