Trade-Restricting Effects of Exchange Rate Regimes: Implications for Developed-Developing Country Trade Negotiations

Ramon L. Clarete and John Whalley

Chapter 4 in Developing Countries and the Global Trading System, 1989, pp 66-88 from Palgrave Macmillan

Abstract: Abstract Reciprocal bargaining among developed countries under GATT focuses on both an explicit and implicit bargain. Explicit bargains involve mutual reductions in real-side barriers (tariffs). The implicit bargain is that negotiating parties will maintain full convertibility of domestic currencies so that reductions in real-side trade barriers will have an effect on trade.

Keywords: Exchange Rate; Monetary Policy; Foreign Exchange; Exchange Rate Regime; Trade Restriction (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-20417-5_4

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DOI: 10.1007/978-1-349-20417-5_4

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