Question
Explain why a pegged exchange rate, which has a degree of flexibility that is in between that of a fixed and a floating exchange rate,
Explain why a pegged exchange rate, which has a degree of flexibility that is in between that of a fixed and a floating exchange rate, might be a factor in causing currency crises in emerging market economies?
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International Financial Management
Authors: Cheol Eun, Bruce G. Resnick
8th edition
125971778X, 978-1259717789
