looking for reforms

My notes :-

• Exchange Rate Management and Crisis Susceptibility - Atish R Ghosh & 2 Ors
• Choice of exchange rate regime - earlier the conventional wisdom was to choose either  hard peg or the float, and to avoid the intermediate - this is known as the bipolar prescription. The intermediate is most prone to crisis
• After 10-15 years, Argentina collapse 2002, Emerging Europe crisis, so is hard peg really good thing ?
• When do we change regime ?
• What is free float ? No government intervention
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