The "Pegging Practices" of LDC's: A Look at Recent Behavior
This note discusses the relationship between the exchange-rate pegging practices of less developed countries (LDCs) and their trading patterns. This relationship is examined through a discussion of the results of several statistical tests relating nations' choice of exchange-rate regime to their trading patterns. The paper goes on to investigate the importance of changes in trading patterns on changes in LDC exchange arrangements since 1977.
Volume (Year): 13 (1987)
Issue (Month): 1 (Jan-Mar)
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- Williamson, John, 1982. "A survey of the literature on the optimal peg," Journal of Development Economics, Elsevier, vol. 11(1), pages 39-61, August.
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