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Browsing Series by Author "Mukhin, Dmitry"
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Exchange rate puzzles and policies
Itskhoki, Oleg; Mukhin, Dmitry (Banco Central de Chile, 2023-08-09)What is the optimal exchange rate policy? Should exchange rates be optimally pegged, managed, or allowed to freely float? What defines a freely floating exchange rate? Do open economies face a trilemma constraint in choosing ...