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Which Target for Exchange Rate Policy in Developing Countries: Stability or Competitiveness

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Openness and Development

Part of the book series: Studies in Contemporary Economics ((CONTEMPORARY))

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Abstract

The ultimate target for economic policy in developing countries is to fasten economic growth and to improve the prospects for catching-up with industrialized countries. There is hardly any contribution on this issue which denies the importance of a stable and competitive currency as a precondition for reaching such a stable growth path. However, there is no consensus on an appropriate exchange rate regime for developing countries which delivers both stability and competitiveness.

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Authors and Affiliations

  1. Kiel Institute of World Economics, D- 24100, Kiel, Germany

    Dr. Rainer Schweickert

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  1. Dr. Rainer Schweickert
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Editors and Affiliations

  1. Institut für Wirtschaftswissenschaften, TU Braunschweig, Spielmannstr. 9, D-38106, Braunschweig, Germany

    Franz Peter Lang

  2. Institut für Volkswirtschaftslehre Lehrstuhl für Außenwirtschaft, Universität Hohenheim (520), Schloß Mittelhof-Ost, D-70593, Stuttgart, Germany

    Renate Ohr

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© 1996 Springer-Verlag Berlin Heidelberg

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Schweickert, R. (1996). Which Target for Exchange Rate Policy in Developing Countries: Stability or Competitiveness. In: Lang, F.P., Ohr, R. (eds) Openness and Development. Studies in Contemporary Economics. Physica, Heidelberg. https://doi.org/10.1007/978-3-662-12627-1_9

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  • DOI: https://doi.org/10.1007/978-3-662-12627-1_9

  • Publisher Name: Physica, Heidelberg

  • Print ISBN: 978-3-7908-0958-9

  • Online ISBN: 978-3-662-12627-1

  • eBook Packages: Springer Book Archive

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