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- W638227528 abstract "Abstract Since the creation of the EMS in 1979 and the Louvre Accord in 1987, economists and policy makers have debated whether exchange rate management can actually secure better economic performance. This paper supplies some empirical evidence to help answer that question, focusing on the width of the exchange rate bands, the length of time between realignments, and the choice of parity. We also produce evidence to support the claim that exchange rate management is important because gross or persistent misalignments cause large welfare losses whereas moderate misalignment would impose only small costs." @default.
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- W638227528 date "1989-06-01" @default.
- W638227528 modified "2023-09-25" @default.
- W638227528 title "Exchange Rate Agreements as a Policy Regime: Their Performance and Design Characteristics" @default.
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- W638227528 doi "https://doi.org/10.1016/s1474-6670(17)53455-2" @default.
- W638227528 hasPublicationYear "1989" @default.
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