00618nam a2200109Ia 4500 OBSTFELD, Maurice Mirage of fixed exchange rates. 1995 Puts forward some basic connections between monetary policy and exchange rate. Is of the view that a fixed exchange rate is very costly for a government to maintain, and suggests that efforts to reform monetary institutions should focus directly on restraining domestic inflation. The exchange rate should be used as an indicator but virtually never as the central target for monetary policy. 3/7/00 M2LMGR A 21784 21784 0 0 0 0 CRCM CRCM 2023-05-04 0 0000000015798 2023-05-04 00:00:00 2023-05-04 A