Optimal exchange rate regimes: Turning Mundell-Fleming's dictum on its head
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This paper was originally prepared for a conference in honor of Guillermo Calvo, held at the International Monetary Fund in April 2004. We are grateful to Martin Eichenbaum and conference participants for helpful comments and suggestions. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.