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Shock Persistence and the Choice of Foreign Exchange Regime
Marcelo Giugale
Adam Korobow
其他書名
An Empirical Note from Mexico
出版
World Bank, Latin America and the Caribbean Region, Mexico Country Department
, 2000
URL
http://books.google.com.hk/books?id=7huyAAAAIAAJ&hl=&source=gbs_api
註釋
Empirical econometric evidence shows that Mexico's simulated output recovery after a negative external shock was faster (a third as long) when the country's policymakers let the nominal foreign exchange rate float than in other developing countries that kept nominal foreign exchange rates constant, especially those that resorted to currency board arrangements to support that constancy.