We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
Up till about 1969 little consideration was given to the BLEU's two-tier system. This situation has meanwhile changed. Since 1971, when disruptive short-term capital movements repeatedly upset the foreign exchange markets, domestic and foreign economists, both official and nonofficial ones, increasingly started investigating two-tier systems in general, and the implications of the BLEU arrangements in particular, as the ones with the longest lifetime.
While lots of good work has already been performed on the latter issue, it could nonetheless be shown that in much of it there has not been sufficiently invested in scrutinizing the official regulations themselves - with main reliance on secondary sources instead - before rationalizing their economic implications and/or building econometric models. This most often resulted in the neglect of some of the system's characteristics, which crucially add to our global understanding of the behaviour of the free exchange rate
Email your librarian or administrator to recommend adding this journal to your organisation's collection.
