Macroeconomic Implications of Real Exchange Rate Targeting in Developing Countries

Macroeconomic Implications of Real Exchange Rate Targeting in Developing Countries
This paper analyzes the macroeconomic effects of a variety of exogenous and policy-induced real disturbances when the authorities target the level of the real exchange rate. It first discusses the implications--particularly for inflation and the current account--of targeting the rate at an "overdepreciated" level. The paper then examines the... READ MORE...

Publication date: March 1991
ISBN 9781451844702
$15.00

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