Read Exchange Rate Misalignment in Developing Countries

Exchange Rate Misalignment in Developing Countries

Sebastian Edwards

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Description:This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium level. The role of macroeconomic policies is then analyzed under three alternative nominal exchange rate regimes: predetermined nominal exchange rates; floating nominal rates; and dual or black market nominal exchange rates. This discussion points out how inconsistent macroeconomic policies often lead to real exchange rate misalignment. Corrective measures, including nominal devaluation and several alternative approaches, are then evaluated.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Exchange Rate Misalignment in Developing Countries. To get started finding Exchange Rate Misalignment in Developing Countries, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 110

Format: PDF, EPUB & Kindle Edition

Publisher: Johns Hopkins University Press

Release: 1988

ISBN: F3UWAAAAIAAJ

Description: This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium level. The role of macroeconomic policies is then analyzed under three alternative nominal exchange rate regimes: predetermined nominal exchange rates; floating nominal rates; and dual or black market nominal exchange rates. This discussion points out how inconsistent macroeconomic policies often lead to real exchange rate misalignment. Corrective measures, including nominal devaluation and several alternative approaches, are then evaluated.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Exchange Rate Misalignment in Developing Countries. To get started finding Exchange Rate Misalignment in Developing Countries, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Exchange Rate Misalignment in Developing Countries

Exchange Rate Misalignment in Developing Countries

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