Does the Exchange Regime Matter for inflation and Growth?

Nopic
Although the theoretical relationships are ambiguous, evidence suggestsa strong link between the choice of the exchange rate regime and economicperformance. The paper argues that adopting a pegged exchange rate canlead to lower inflation, but also to slower growth in productivity. Itfinds that on average per capita GDP growth was slightly faster... READ MORE...

Publication date: September 1996
ISBN 9781557756145
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