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- W2026693701 abstract "Abstract In this paper we present a model of a balance-of-payments crisis and examine the Argentine experiment with a crawling peg between December 1978 and February 1981. The approach taken allows us to examine the evolution of a crisis when a collapse is not perfectly foreseen and yields plausible estimates of one-month-ahead probabilities of a collapse of the crawling peg. The results suggest that the viability of an exchange rate regime depends on the consistency of exchange rate policy with domestic credit policy. If the two are not consistent, confidence in exchange rate policy is undermined." @default.
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- W2026693701 date "1989-08-01" @default.
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- W2026693701 title "Financial policy and speculative runs with a crawling peg: Argentina 1979–1981" @default.
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- W2026693701 doi "https://doi.org/10.1016/0022-1996(89)90080-9" @default.
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