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How Much to Commit to an Exchange Rate Rule
Alex CukiermanMiguel Alberto KiguelNissan Liviatan
其他書名
Balancing Credibility and Flexibility
出版World Bank Publications, 1992
URLhttp://books.google.com.hk/books?id=RCWfblHFPqYC&hl=&source=gbs_api
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註釋The cost of reneging is a key reason policymakers hold back from strong commitments in their exchange rate policy. The stronger the commitment to an exchange rate rule, the more costly it is to deviate from it.