Buy custom Real Exchange Rate Stabilisation and Managed Floating: Exchange Rate Policy in
Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1130 |
Essay's paper body
The Bank of England has been known to
systematically counter depreciation of the effective exchange rate of the pound and its
depreciation vis-a-vis the US dollar. More recent examples include practically all
?emerging market' economies in Latin America and Asia that have shifted to floating
exchange rate regimes and the European Central Bank...
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It switched
to a floating exchange rate regime in 1993 after a transitional phase of dual exchange
rates for two years. The post-float period is distinguished by remarkable exchange rate
stability, which is contrary to commonly observed experience, as countries that switch
from fixed to floating exchange rate regimes typically experience a rise in exchange rate
volatility...
Essay fragment
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