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The paper analyses the causes of the Asian Financial Crisis 1977/79. The increase in cross-border capital mobility and the issues of regulating sequencing of trade liberating and capital account convertiblity are also discussed. A typology of generation-models of currency crises is analyzed. It...
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without restriction and with no permission required. The easy convertibility of currency is a relatively recent development …
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to hold money over time - and due to convertibility there is no means by which the Friedman rule can generate deflation …
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separation of strong and weak side convertibility undertakings, when the rate is confined to a specified corridor. We suggest a …
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explains the “two-step strategy” from the capital account opening to the full convertibility of the RMB, it also analyzes the … convertibility of the RMB -- Chapter 7 Way of accelerating the RMB’s internationalization -- Chapter 8 Prospect of internationalizing …
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to hold money over time - and due to convertibility there is no means by which the Friedman rule can generate deflation …
Persistent link: https://www.econbiz.de/10012269274
its orders, even including regime change. Guaranteed convertibility of a currency, such as maintaining a gold standard …, can in principle help to stabilise its value, but this has been absent since the end of US dollar convertibility in 1971 …. The Grondona system of conditional currency convertibility was not planned as a counter-measure for currency crises …
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