The Trouble with Pegged Exchange Rates
Central Banking, Vol. IX, No. 2, November 1998
4 Pages Posted: 21 Jan 2013
Date Written: 1998
Abstract
Exchange controls are not the answer to capital flight and financial meltdown. In fact they threaten monetary nationalism and a return to chaos. The only long-term solution, is guaranteed convertibility.
Keywords: Steve Hanke, Pegged, Exchange Rates, Controls, Guaranteed Convertibility
Suggested Citation: Suggested Citation
Hanke, Steve H., The Trouble with Pegged Exchange Rates (1998). Central Banking, Vol. IX, No. 2, November 1998, Available at SSRN: https://ssrn.com/abstract=2204629
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