Hagen, Jürgen von (contributor); … - 2008
adopted an intermediate peg, had the smallest capital
inflows during that period.
Table 4B: External Performance 2004 … their current account deficits. This
suggests that the credibility of a hard peg is not the principal factor in determining … expansions even in countries
that did not officially peg their exchange rates.
The second risk connected with large capital …