How Much to Commit to an Exchange Rate Rule
Author | : Alex Cukierman |
Publisher | : World Bank Publications |
Total Pages | : 37 |
Release | : 1992 |
ISBN-10 | : |
ISBN-13 | : |
Rating | : 4/5 ( Downloads) |
Book Synopsis How Much to Commit to an Exchange Rate Rule by : Alex Cukierman
Download or read book How Much to Commit to an Exchange Rate Rule written by Alex Cukierman and published by World Bank Publications. This book was released on 1992 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: The cost of reneging is a key reason policymakers hold back from strong commitments in their exchange rate policy. The stronger the commitment to an exchange rate rule, the more costly it is to deviate from it.