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The primary objective of this paper is to use the Markov regime-switching modeling framework to study the credibility …
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This paper presents evidence that Ireland`s disinflation policy has derived credibility from its participation in the … beginning of the disinflation seems to have been instrumental in establishing its credibility …
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countries. Based on an assessment of credibility of the EMS before and during the crisis, the paper discusses distinct features … that add to the credibility of regional exchange rate systems. It reasons that a system that is built around well …
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