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Showing 1 to 1 of 1 for “"nonlinear exchange rate pass through consumer prices"”.
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Nonlinear and Asymmetric Exchange Rate Pass-Through to Consumer Prices in South Africa
After the breakdown of the Bretton Woods fixed exchange rate system, some economies, including South Africa, abandoned fixed exchange rate regimes in favour of floating exchange rate systems. When a country adopts a floating exchange rate and an open trade policy, it loses the ability to shield its …