Chapter 9 Part 1: Exchange Rate Crises: How pegs work and How They Break

- Facts about exchange rate crises
- The mechanics of a fixed exchange rate
- Sterilization bonds
- Currency board and backing ratio
- Exchange rate and default risk premium implications

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For those interested in the course or the reading materials I am working off, please check out the 2nd edition of the International Economics textbook by Robert C. Feenstra;

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