000			00618nam a2200109Ia 4500
100			_aOBSTFELD, Maurice
245			_aMirage of fixed exchange rates.
260			_c1995
520			_aPuts 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.
583			_c3/7/00 _kM2LMGR
942			_cA
999			_c21784 _d21784