Osakwe, Patrick; Schembri, Lawrence - In: Bank of Canada Review 1998 (1998) Autumn, pp. 23-38
fixed nominal exchange rate combined with macroeconomic imbalances, such as current account or fiscal deficits, that the … market perceives as unsustainable at the prevailing real exchange rate. They also conclude that currency crises can be … sector, and a more flexible nominal exchange rate. …