The Great Exchange Rate Debate after Argentina
Sebastian Edwards ()
Working Papers from Oesterreichische Nationalbank (Austrian Central Bank)
In this paper I discuss in what way, if any, the collapse of Argentina’s experience with a currency board has affected the policy debate on the appropriate exchange rate regime in emerging and transition countries. More specifically, I deal with three issues: (1) I discuss some important aspects of the Argentine experience. (2) I provide a comparative evaluation of economic performance under strict dollarization. And (3), I analyze emerging countries’ experiences with flexible exchange rates, including the issue of a fear of floating.
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Journal Article: The great exchange rate debate after Argentina (2002)
Working Paper: The Great Exchange Rate Debate After Argentina (2002)
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