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Exchange Rate Policy for Developing Countries

In: The World Economic Order

Author

Listed:
  • William Branson
  • Louka Katseli-Papaefstratiou
  • Stanislaw Wellisz

Abstract

In his Per Jacobsson lecture, Arthur Lewis (1972 p. 33) said: ‘It is now the conventional wisdom that the currencies of the developed countries should float, but the currencies of the less-developed (LDCs) should not; that is to say that each LDC should choose a more developed country (MDC) as a partner—or the SDR—and tie itself in a fixed relationship.’

Suggested Citation

  • William Branson & Louka Katseli-Papaefstratiou & Stanislaw Wellisz, 1981. "Exchange Rate Policy for Developing Countries," Palgrave Macmillan Books, in: Sven Grassman & Erik Lundberg (ed.), The World Economic Order, chapter 11, pages 391-422, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-16488-2_12
    DOI: 10.1007/978-1-349-16488-2_12
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    Citations

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    Cited by:

    1. Mohammad Ahmed, 1992. "Pakistan's Exchange Rate Policy: An Econometric Investigation," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 31(1), pages 49-74.
    2. Pierre Jacquemot, 1989. "Rôle du taux de change dans l'ajustement d'une économie à faible revenu. Une revue de la littérature récente," Revue Tiers Monde, Programme National Persée, vol. 30(118), pages 357-402.
    3. Hilbers, P.L.C., 1985. "Exchange rate policies for less developed countries," Serie Research Memoranda 0029, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    4. Zhang, Zhichao & Shi, Nan & Zhang, Xiaoli, 2011. "China’s new exchange rate regime, optimal basket currency and currency diversification," MPRA Paper 32642, University Library of Munich, Germany.
    5. Habib, Maurizio Michael & Stráský, Jan, 2008. "Oil exporters: in search of an external anchor," Working Paper Series 958, European Central Bank.
    6. Renate Ohr, 1991. "Exchange-rate strategies in developing countries," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 26(3), pages 115-121, May.
    7. Zhang, Zhichao & Shi, Nan & Zhang, Xiaoli, 2011. "China s new exchange rate regime, optimal basket currency and currency diversification," BOFIT Discussion Papers 19/2011, Bank of Finland Institute for Emerging Economies (BOFIT).
    8. repec:zbw:bofitp:2011_019 is not listed on IDEAS
    9. Zhang, Zhichao & Shi, Nan & Zhang, Xiaoli, 2011. "China’s new exchange rate regime, optimal basket currency and currency diversification," MPRA Paper 32642, University Library of Munich, Germany.

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