The Trouble with Pegged Exchange Rates

Central Banking, Vol. IX, No. 2, November 1998

4 Pages Posted: 21 Jan 2013

See all articles by Steve H. Hanke

Steve H. Hanke

Johns Hopkins University - Department of Economics

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

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

Steve H. Hanke (Contact Author)

Johns Hopkins University - Department of Economics ( email )

3400 Charles Street
Baltimore, MD 21218-2685
United States
410-516-7183 (Phone)
410-516-8996 (Fax)

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