Feenstra_Taylor Exchange Rate Crises-汇率危机 P99Exchange Rate Crises:
How Pegs Work And How They Break


Contents
1
Facts about Exchange
Rate Crises
2
How Pegs Work: The
Mechanics of a Fixed
Exchange Rate
3
How Pegs Break I:
Inconsistent Fiscal
Policies
4
How Pegs Break II:
Contingent Monetary
Policies
5
Conclusions