The Trouble with Pegged Exchange Rates
Central Banking, Vol. IX, No. 2, November 1998
4 Pages Posted: 21 Jan 2013
Date Written: 1998
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
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