“...The decade of the 1980s left many central bankers disillusioned with monetarism, so that the question of the optimal nominal anchor remains an open one. In...”

“...Following the Versailles G-7 summit of 1982, most government officials and academic analysts downplayed the potential impact of exchange market intervention...”

“...Openness to trade is one factor that has been identified as determining whether a country is prone to sudden stops in capital inflows. Several authors have...”

“...We use a panel of annual data for over 100 developing countries from 1971 through 1992 to characterize currency crashes. We define a currency crash as a large...”

“...Previous time-series studies have shown evidence of mean-reversion in real exchange rates. Deviations from purchasing power parity (PPP) appear to have...”

“...On the one hand, the big selling points of floating exchange rates – monetary independence and accommodation of terms of trade shocks – have not lived up to...”

“...This paper is an econometric investigation of the determinants of the real value of the South African rand over the period 1984‐2007. The results show a...”