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Vietnam's Exchange Rate Policy in the Face of the Asian Crisis, by Patrick Guillaumont and Sylviane Guillaumont Jeanneney Since 1992 Vietnam has adopted a policy of pegging its currency to the dollar. Is the "Asian crisis" calling this strategy into question? The arguments of the debate are set out by analyzing the consequences of this crisis for Vietnamese competitiveness, as well as the risks of a similar crisis being reproduced in Vietnam.
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Guillaumont et al. (1998) studied this question.
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