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- W1545059225 abstract "Summary The paper discusses two different exchange rate regimes viewed from the perspective of a developing country. It analyses both economic arguments for a developing country’s choice of a real or nominal ex change rate anchor and offers reasons for its failure. Yet recourse on South-East Asia and Latin America serve only to illustrate arguments that are put forward in general terms. The paper concludes that no univer sally adequate exchange rate regime for developing countries exists that would simultaneously satisfy the re quirements both of maintaining competitiveness and supporting stabilisation efforts. Furthermore, it is pointed out that anti-inflation-mania by industrialised countries and increasing foreign indebtedness by developing countries severely destabilise developing countries’ exchange rate regimes." @default.
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- W1545059225 date "1999-01-01" @default.
- W1545059225 modified "2023-09-24" @default.
- W1545059225 title "A Never Ending Story: Developing Countries' Choice of an Exchange Rate Anchor*" @default.
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