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• W2024676210 abstract "The problem of optimal exchange intervention is approached using the techniques derived in the targets, instruments, and indicators literature. The optimal exchange-rate policy is one of permitting the appropriate degree of exchange-rate flexibility rather than one of complete fixity or complete flexibility of the exchange rate. Although the problem of the optimal exchange-rate regime has been analyzed in these terms before, criteria previously employed, emphasizing the geographical or functional location of disturbances, are seen to be inappropriate for a portfolio balance model with some degree of capital mobility." @default.
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• W2024676210 date "1978-12-01" @default.
• W2024676210 modified "2023-10-16" @default.
• W2024676210 title "Optimal Foreign Exchange Market Intervention" @default.
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• W2024676210 doi "https://doi.org/10.1086/260727" @default.
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