Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?
NBER Working Paper No. 23134
---- Acknowledgments ----
We wish to thank Duygu Guven and seminar participants at the Bank of International Settlements and the AEA meetings for helpful comments and suggestions and Lukas Althoff, Patricio Merlani, Paul Schmelzing, and Jordan Ward, for outstanding research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.