Exchange Rate Policy in Developing Countries
Auteur : Warner Max Corden
Date de publication : 1990
Éditeur : Country Economics Department, World Bank
Nombre de pages : 43
Résumé du livre
In general the best approach to exchange rate policy is the "real targets" approach, although the nominal anchor approach is appropriate for certain situations. The exchange rate should follow rather than lead, it should be linked with appropriate noninflationary monetary policy, and if it must change, it should change quickly.