What was critical for the maintenance of pegged exchange rates, I argue in this book, was protection for governments from pressure to trade exchange rate stability for other goals. (Barry Eichengreen)

What was critical for the maintenance of pegged exchange rates, I argue in this book, was protection for governments from pressure to trade exchange rate stability for other goals.

Barry Eichengreen

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book critical exchange maintenance peg pressure protection rate stability trade goals rates

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