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Exchange Rate Policy in Developing Countries

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Author Info

  • Peter Montiel
  • Bijan B. Aghevli
  • Mohsin S. Khan

Abstract

This paper addresses analytical aspects of exchange rate policy and emphasizes the relationship among exchange rate flexibility, financial discipline, and international competitiveness.

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File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=273
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Bibliographic Info

Paper provided by International Monetary Fund in its series IMF Occasional Papers with number 78.

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Length: 30
Date of creation: 15 May 1991
Date of revision:
Handle: RePEc:imf:imfocp:78

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Postal: International Monetary Fund, Washington, DC USA
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Fax: (202) 623-4661
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Web page: http://www.imf.org/external/pubind.htm
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Related research

Keywords: Exchange rate regimes; Developing countries; exchange rate; real exchange rate; inflation; fixed exchange rate; exchange rates; exchange rate rules; foreign exchange; exchange rate policy; nominal exchange rate; exchange rate adjustment; price stability; exchange rate regime; relative prices; exchange rate rule; relative price; rate of inflation; terms of trade; exchange rate arrangement; financial stability; exchange rate arrangements; inflation rate; basket of currencies; exchange rate policies; flexible exchange rates; real exchange rates; price level; money supply; macroeconomic stability; balance of payments; monetary policy; effective exchange rate; aggregate demand; exchange rate target; domestic demand; real output; rates of inflation; equilibrium exchange rate; domestic shocks; flexible exchange rate; inflation tax; exchange rate flexibility; foreign exchange reserves; exchange rate indices; exchange rate instrument; exchange rate management; exchange reserves; real effective exchange rate; exchange rate adjustments; exchange rate targets; average rate of inflation; transitory shocks; pegged exchange rate arrangement; exchange rate depreciation; high inflation; fixed exchange rate regime; fixed nominal exchange rate; real wages; exchange rate systems; actual inflation; exchange arrangements; external position; control of inflation; exchange rate risk; exchange market intervention; low inflation; exchange restrictions; fixed exchange rates; current account balance; inflation target; exchange rate system; inflation rates; nominal effective exchange rate; nominal exchange rates; floating exchange rates; inflation performance; optimal exchange rate regime; exchange rate appreciation; high rates of inflation; increase in inflation; fluctuations in exchange rates; flexible exchange rate regime; moderate inflation; exchange rate overvaluation; actual rate of inflation; costs of inflation; steady-state inflation; low inflation performance; real exchange rate movements; nominal variables; printing money; wage-price; exchange rate parity; lower inflation; terms of trade shock; price deflation; higher rates of inflation; exchange rate fluctuations; exchange rate movements; pegged exchange rate arrangements; flexible exchange rate regimes; general price level; exchange markets; country exchange rate; foreign exchange administration; exchange rate needs; bilateral exchange rate; optimal exchange rate regimes; stable exchange rate; fixed? exchange rates; exchange rate dynamics; domestic prices; real variables; flexible exchange rate system; foreign exchange markets; real exchange rate appreciation; exchange rate action; average inflation; terms of trade shocks; foreign exchange market; real exchange rate dynamics; real value; market exchange rates; fixed nominal exchange rates; currency basket; monetary economics; alternative exchange rate; exchange rate indicators; average inflation rate; black market; official exchange rate; foreign currency; external shocks; international trade; open economies;

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