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Exchange-rate Policies For Emerging Market Economies (Political Economy of Global Interdependence)
Exchangerate Policies For Emerging Market Economies - Political Economy of Global Interdependence Author:Richard J Sweeney, Clas Wihlborg, Thomas D Willett With the loss of Soviet control in Central and Eastern Europe, as well as the move toward economic liberalization in many developing countries, a huge increase in the number of convertible currencies in the world has occurred. A key aspect of the management of these currencies involves their relationships with the world economy, which is determi... more »ned partly by type of exchange rate. Contributors to this volume argue that the costs and benefits of fixed versus flexible rates vary systematically across different types of economies« less