1998 | OriginalPaper | Buchkapitel
Comment
verfasst von : Manfred Willms
Erschienen in: Current Issues in Monetary Economics
Verlag: Physica-Verlag HD
Enthalten in: Professional Book Archive
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All exchange rate systems ever implemented are imperfect. Fixed exchange rate systems typically lead to delayed adjustments while flexible systems can produce highly volatile and misaligned exchange rates. Therefore, both systems might cause economic losses. Numerous economists have tried to measure these effects and to make suggestions for more stable and more efficient systems.