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This paper studies the credibility of the currency peg of Cape Verde (CV) by assessing the impact of economic … either a larger risk premium or favourable exchange rate movements. We take this to be a sign of the credibility of the peg …, which apparently reflects the intertemporal credibility of CV's economic policy and so has successfully withstood …
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This paper analyzes the link between the exchange rate misalignments and the external balance under a pegged currency system focusing on the former French colonies of Africa (the CFA zone). Having discussed and chosen an appropriate analytical framework, it addresses the issue of model...
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Bolivia has achieved noteworthy success over the past 15 years in raising incomes, reducing poverty, and maintaining macroeconomic stability by deploying commodity revenues to finance transfers, public investment, and state-led development, using an exchange rate peg as a policy anchor. However,...
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