Bénassy-Quéré, Agnès; Salins, Véronique - Centre d'études prospectives et d'informations … - 2010
, which has become the main workhorse for studying exchange-rate regime choice since the 1990s, typically opposes fixed … nominal pegs to free-floating regime, without considering intermediate regimes. We intend to fill this gap here by comparing … the performance of "extreme" regimes to that of an intermediate regime where monetary authorities care both about …