Exchange rate as a monetary policy tool: effects on gender inequality and development

Clara Zanon Brenck, José Pedro Bastos Neves and Patrícia Machado Couto

Chapter 7 in Central Banking, Monetary Policy and Gender, 2024, pp 159-182 from Edward Elgar Publishing

Abstract: The post-Keynesian economics (PKE) literature has long emphasized the different channels through which monetary policy may impact income distribution. In developing economies, the exchange rate channel is important since it is directly related to inflation and capital flows and influences long-run growth by shaping structural changes. However, even though the PKE literature acknowledges the importance of interest and exchange rates in shaping the distributional conflict, less attention has been paid to other dimensions of inequality. This chapter contributes to the literature by exploring how exchange rates affect gender inequality in the context of developing economies. It elucidates three main transmission channels through which that can occur: (1) the labor market channel; (2) the income channel; and (3) the balance sheet channel. With an empirical exercise for selected countries in Asia and Latin America, the authors stress the necessity of single-country analysis when dealing with gender inequality in the context of developing economies. Nonetheless, the lack of data for countries or region-specific studies poses a big challenge to this agenda.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781803927916.00014 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:elg:eechap:21790_7

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().