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Imported or Home Grown? The 1992-3 EMS Crisis

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NBER2021-11-01 更新2025-01-04 收录
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Using newly assembled data on foreign exchange market intervention, we construct a daily index of exchange market pressure during the 1992-3 crisis in the European Monetary System, allowing us to pinpoint when and where the crisis was most severe. Our analysis focuses on a neglected factor in the

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2021-11-01
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