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A recent contribution to the literature argues that the present international monetary system in many ways operates like the Bretton-Woods system. Asia is the new periphery of the system and pursues an export-led development strategy. The members of the new periphery peg their currencies to the...
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laboratory experiment that incorporates more aspects of real world complexity and more different sorts of official and private …
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way back to Bretton Woods or to any similar system based on only one single world anchor currency. -- Exchange rate …
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