The paper reviews the proximate objectives the exchange rate regimes of developing countries may serve. These objectives include eschewing foreign exchange restrictions, maintaining realistic exchange rates, limiting uncertainty for business decision making, and reducing fluctuations in macroeconomic relationships. It is concluded that, in many instances, these objectives can best be served by the adoption of freely-floating exchange rates. If this...
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详细
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1987/05/01
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部门工作文件
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DRD294
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1
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1
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2013/06/10
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Disclosed
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The international monetary system and exchange rate policies in the developing countries
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Exchange Rates