Portugal’s Crawling Peg

Rüdiger Dornbusch

A chapter in Exchange Rate Rules, 1981, pp 243-251 from Palgrave Macmillan

Abstract: Abstract This paper discusses Portugal’s adoption of a crawling peg in September 1977. The experience with the new exchange rate regime has been too brief to draw a lot of lessons. The events leading to the adoption of the regime and the early period of implementation are of sufficient interest, however, to warrant an examination.

Keywords: Exchange Rate; Interest Rate; Real Exchange Rate; Exchange Rate Regime; International Financial Statistics (search for similar items in EconPapers)
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05166-3_12

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DOI: 10.1007/978-1-349-05166-3_12

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