Chow, Hwee-kwan (contributor) - 2008
in occasional large steps like in an adjustable peg exchange rate regime
as this attracts large capital flows …
exchange rate regime is akin to a crawling band and, based on empirical evidence,
could provoke a crisis. Hence, a BBC with …). Had Singapore adhered to a fixed currency peg and
defended the currency from the beginning, greater adjustments—and thus …