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Exchange Rate Misalignment In Developing Countries (world Bank) by Professor Sebastian Edwards is a book available to read on EtoBox.
What is Exchange Rate Misalignment In Developing Countries (world Bank) about?
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
- Author
- Professor Sebastian Edwards
- Publisher
- Baltimore: Published for the World Bank [by] the Johns Hopkins University Press
- Published
- 1988
- Language
- EN
- ISBN
- 9780801837517
- Subjects
- Economics, Finance, Language Learning
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