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Flexible Exchange Rates for a Stable World Economy
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Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings. This book examines the b
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China’s Evolving Exchange Rate Regime
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China’s exchange rate regime has undergone gradual reform since the move away from a fixed exchange rate in 2005. The renminbi has become more flexible over t
Swiss Monetary History since the Early 19th Century
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This book describes the remarkable path which led to the Swiss Franc becoming the strong international currency that it is today. Ernst Baltensperger and Peter
Dominant Currency Paradigm: A New Model for Small Open Economies
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Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in