Broadening the Band

Paul Einzig

Chapter Chapter Seventeen in The Case against Floating Exchanges, 1970, pp 159-166 from Palgrave Macmillan

Abstract: Abstract Among the variety of projects for floating exchanges, the so-called ‘band proposal’, under which fixed parities and official limits for permissible exchange movements would continue to exist, but the spread, or band, between support points would be widened, appears to receive the most support in official quarters. Advocates of this system claim that it combines the advantages of both fixed and floating exchanges. It is, however, arguable that in reality it combines to some extent the disadvantages of both.

Date: 1970
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DOI: 10.1007/978-1-349-00681-6_17

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