Aşıcı, Ahmet Atıl; Ivanova, Nadezhda; Wyplosz, Charles - Institut für Schweizerisches Bankwesen <Zürich> - 2007
Even though they can last for decades, fixed exchange rate regimes are increasingly seen as temporary arrangements …, (Eichengreen, 1994). The hollowing out hypothesis, see, e.g. Fischer (2001), holds that fixed but adjustable exchange rate regimes …, in their comprehensive analysis Husain et al. (2004) report that, taken together, exchange rate regimes have an average …