Read Credibility and Exchange Rate Management in Developing Countries

Credibility and Exchange Rate Management in Developing Countries

Pierre-Richard Agénor

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Description:The paper examines the role of credibility in the conduct of exchange rate policy in developing countries, The analysis is based on a model in which policymakers are concerned about inflation and external competitiveness. Price setters in the nontraded goods sector of the economy adjust prices in reaction to anticipated fluctuations in the domestic price of tradable goods. This type of model is showm to generate a “devaluation bias” which undermines the credibility of a fixed exchange rate. The effect of reputational factors, signaling considerations, and joining a currency union as possible solutions to this bias is examined.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Credibility and Exchange Rate Management in Developing Countries. To get started finding Credibility and Exchange Rate Management in Developing Countries, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 44

Format: PDF, EPUB & Kindle Edition

Publisher: International Monetary Fund

Release: 1991

ISBN: TNw3AAAAIAAJ

Description: The paper examines the role of credibility in the conduct of exchange rate policy in developing countries, The analysis is based on a model in which policymakers are concerned about inflation and external competitiveness. Price setters in the nontraded goods sector of the economy adjust prices in reaction to anticipated fluctuations in the domestic price of tradable goods. This type of model is showm to generate a “devaluation bias” which undermines the credibility of a fixed exchange rate. The effect of reputational factors, signaling considerations, and joining a currency union as possible solutions to this bias is examined.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Credibility and Exchange Rate Management in Developing Countries. To get started finding Credibility and Exchange Rate Management in Developing Countries, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Credibility and Exchange Rate Management in Developing Countries

Credibility and Exchange Rate Management in Developing Countries

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