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TRANSMISSION OF REAL AND MONETARY DISTURBANCES UNDER FIXED AND FLOATING EXCHANGE RATES
MONETARY DISTURBANCES FIXED FLOATING EXCHANGE RATES
2008/12/3
The world economy since the 19th century has been characterized
by varying degrees of interdependence. In the pre—World War I
world, individual economies to a great extent were exposed to economic
...
FIXED VERSUS FLOATING EXCHANGE RATES
FLOATING EXCHANGE RATES flexible exchange rates firmly fixed exchange rates European Monetary System
2008/11/12
In the 1990s, a new consensus emerged regarding exchange rate
regimes. Governments must choose between flexible exchange rates
and firmly fixed exchange rates. Pegged rates of the adjustable sort,
...