Abstract
Many developing countries, especially in Latin America, have used the exchange rate as a nominal anchor to help stabilize inflation. But highly managed exchange rate regimes in developing countries have had a tendency to fail, with dramatic consequences. Should developing countries manage the exchange rate or let it float?
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© 1997 Springer Science+Business Media New York
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Gruben, W.C., Gould, D.M., Zarazaga, C.E. (1997). Optimal Exchange Rate Policy for Stabilizing Inflation in Developing Countries. In: Gruben, W.C., Gould, D.M., Zarazaga, C.E. (eds) Exchange Rates, Capital Flows, and Monetary Policy in a Changing World Economy. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-6175-0_2
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DOI: https://doi.org/10.1007/978-1-4615-6175-0_2
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-7831-0
Online ISBN: 978-1-4615-6175-0
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