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3. Why does a wide band around fixed exchange rate parities (as with the 15 per cent...

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3. Why does a wide band around fixed exchange rate parities (as with the 15 per cent band in use in the EMS between 1993 and the end of 1998) make life more difficult for currency speculators?

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Monetary Economics Policy And Its Theoretical Basis

Monetary Economics Policy And Its Theoretical Basis

ISBN: 9780333792551

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Authors: Keith Bain, Peter Howells

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