Exchange rate: fix, float, or manage it?
The Exchange Rate is the Most Strategic of the Four Macroeconomic Prices. it Determines not Only Exports and Imports, But Also Real Wages, Consumption and the Savings Rate. Conventional Theory Holds That it is Impossible to Manage It, and That the Only Alternatives are to Fix or to Float It. the Experience of the East Asian Countries, That Use it Strategically, Demonstrates That This Claim is False.
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References listed on IDEAS
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- Paul Davidson, 2006. "A Framework for Analysing Dollarization," Chapters,in: Monetary Integration and Dollarization, chapter 13 Edward Elgar Publishing.
- Michael P. Dooley & David Folkerts-Landau & Peter M. Garber, 2005.
"An essay on the revived Bretton Woods system,"
Federal Reserve Bank of San Francisco, issue Feb.
- Michael P. Dooley & David Folkerts-Landau & Peter Garber, 2003. "An Essay on the Revived Bretton Woods System," NBER Working Papers 9971, National Bureau of Economic Research, Inc.
- Pereira, Luiz C. Bresser & Nakano, Yoshiaki, 2002. "Economic growth with foreign saving?," Textos para discussão 118, FGV/EESP - Escola de Economia de São Paulo, Getulio Vargas Foundation (Brazil). Full references (including those not matched with items on IDEAS)