As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies. Learn more about membership...
Exchange Rate Overshooting and the Costs of Floating
Currency crises are usually associated with large nominal and real depreciations, according to the authors. In some countries depreciations are perceived to be very costly (‘fear of floating’). In this paper, the authors try to understand the reasons behind the fear.
Geography
Link
http://www.sf.frb.org/economics/conferences/0406/Perri.pdf