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with the gold standard, the limited stock of gold could not cope with the increasing world trade. The introduction of the …, French franc and Swiss franc. This experiment did not meet the increasing world trade and with economic and political …
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We test a simple model of exchange rate regime choice with data for non-OECD countries covering the period 1980-94. We find the variance of output at home and in potential target countries as well as the correlation between home and foreign real activity are powerful and robust predictors of...
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