A modest step towards fixed parities
Many authors welcomed the shift to floating exchange rates as they expected it to result in lower inflation, unemployment and balance of payments disequilibria. However, the new system exhibits two sharp daily fluctuations of exchange rates, imposing unwelcome risks on enterprises. Thus, the urge to...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2013-10-01
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| Series: | PSL Quarterly Review |
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| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/10726 |