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their usefulness as a surveillance indicator for monetary cooperation in Asia. We find that an AMU peg system stabilizes the … trade-weighted exchange rates within Asia and that AMU DIs warn of misalignments of and between Asia currencies …
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This paper uses the Sjaastad model to estimate the optimal currency area for the Nepalese rupee and concludes that, currently, Nepal may be reasonably well off with its peg to the Indian rupee. As its economy opens and its trade base and trading partners expand, it may want to reevaluate whether...
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