How can a fixed exchange rate regime be used to build the credibility of a central bank?
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How can a fixed exchange rate regime be used to build the credibility of a central bank?
Exchange RateThe value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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To establish credibility the central bank may pledge to ...View the full answer
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Related Book For 
Money, Banking, Financial Markets and Institutions
ISBN: 978-0538748575
1st edition
Authors: Michael Brandl
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