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Preview Discussion of The Case for a Basket, Band and Crawl (BBC ... pdf file

prompted to dismiss intermediate exchange rate regimes in favour of one of two ... Amidst the changing tide of opinion and evidence about choice of exchange rate regimes ... of illustrating how the basket, band and crawl (BBC) framework might be extended ... 2. See Williamson (1965) for a discussion of the 'crawling peg'.



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