RECENT PERFORMANCE OFTHE HONG KONGDOLLAR LINKED EXCHANGE RATE SYSTEM
本文档由 enbook 分享于2010-10-27 02:19
This Note reviews the performance of the Hong Kong dollar Linked Exchange Rate system since the introduction of the three refinements to it in May <br />2005. It presents an analytical framework which argues that, in a fully credible exchange rate target zone regime, the spot exchange rate normally stays inside the band but does not have a natural tendency to converge towards t..
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