Can I read Hard Pegs in Global Finance Explained on EtoBox?
Hard Pegs in Global Finance Explained by Kasey Owens is a document available to read on EtoBox.
What is Hard Pegs in Global Finance Explained about?
- Currency crises in emerging markets, like hurricanes, came suddenly from external factors and structural deficiencies, causing major damage through sudden stops in capital flows and liability dollarization. - Hard pegs (fixed exchange rates) are preferable to flexible exchange rates for emerging markets because they help build credibility to prevent sudden stops during crises, though inflation targeting shares some similarities with hard pegs. - The key problems for emerging markets are their nascent ca
- Author
- Kasey Owens
- Language
- EN