Title:
Does the exchange rate regime matter for inflation and growth?
Series:
Economic issues (International Monetary Fund); 2
Publication Information:
Washington, D.C. : International Monetary Fund, 1996
ISBN:
9781557756145
Added Author:
Available:*
Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
|---|---|---|---|---|---|
Searching... | 30000004156794 | HG3881 E26 1996 j2 | Open Access Book | Book | Searching... |
On Order
Summary
Summary
Although the theoretical relationships are ambiguous, evidence suggestsa strong link between the choice of the exchange rate regime and economicperformance. The paper argues that adopting a pegged exchange rate canlead to lower inflation, but also to slower growth in productivity. Itfinds that on average per capita GDP growth was slightly faster underfloating regimes than under pegged exchange regimes.
