The Fifth Commandment: Exchange Rate Policy

Imad A. Moosa

Chapter 8 in The Washington Consensus:A Critical Evaluation of the Principles and Implications for Economic Development, 2021, pp 165-194 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:The Fifth Commandment as Described by WilliamsonExchange Rate MisalignmentDeterminants of CompetitivenessThe Effect of DevaluationFixed Versus Flexible Exchange RatesExport Growth Versus Import SubstitutionConcluding Remarks

Keywords: Washington Consensus; Globalization; Free Market Doctrine; Economic Freedom; Fiscal Discipline; Fiscal Reform; Tax; Reform; Interest Rate Policy; Exchange Rate Policy; Free Trade; Foreign Direct Investment; Privatization; Deregulation; Property Rights (search for similar items in EconPapers)
JEL-codes: F3 F5 F63 O1 (search for similar items in EconPapers)
Date: 2021
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