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Crawling peg(东北财经大学2005年;上海财经大学1994年)
Crawling peg(东北财经大学2005年;上海财经大学1994年)
提问人:网友sevenmiddle
发布时间:2022-01-06
Crawling peg(东北财经大学2005年;上海财经大学1994年)
Suppose an economy open to international capital movements has a crawling peg exchange rate under which its currency is continuously devalued at a rate of 10 percent per year.How would the domestic nominal interest rate be related to the foreign nominal interest rate? What if the crawling peg is not fully credible?
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