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Exchange-Rate Arrangements in the Transition Economies

  • Robert A. Mundell

Abstract

This chapter is concerned with the exchange-rate arrangements in the transition countries. Its major purpose is to assess the prospects for the use of exchange-rate policies as a vehicle for stabilization and as a permanent system of monetary control. It will take the opportunity to clarify some ideas about the international adjustment process that remain a source of controversy.

Keywords

Exchange Rate Monetary Policy Central Bank Inflation Rate Money Supply 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Kluwer Academic Publishers 1999

Authors and Affiliations

  • Robert A. Mundell
    • 1
  1. 1.Columbia UniversityUSA

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