Two Cheers for Rubin and Summers
Central Banking, Vol. X, No. 2, 1999/2000
2 Pages Posted: 21 Jan 2013
Date Written: 1999
While the US Treasury has finally recognised the problem with pegged exchange rates, what they still fail to see, says Professor Steve Hanke, John Hopkins University, is that floating rates cannot be sustained in countries with weak central banks and bad monetary histories.
Keywords: Steve Hanke, Rubin Summers, US Treasury, pegged, exchange rate, floating, central banks, banking
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