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Do the benefits of fixed exchange rates outweigh their costs? The Franc Zone in Africa (Inglês)

Resumo

The authors develop a simple, formal framework for clarifying the tradeoffs involved in choosing between a fixed and flexible exchange rate system. They apply this framework to the countries of Africa's CFA Zone, which have maintained fixed parity with... Exibir mais +

Detalhes

  • Devarajan, Shantayanan; Rodrik, Dani; Devarajan, Shantayanan*Rodrik, Dani;
  • 1991/10/31
  • Documento de trabalho sobre pesquisa de políticas
  • WPS777
  • 1
  • 1
  • África
  • África
  • 2010/07/01
  • Do the benefits of fixed exchange rates outweigh their costs? The Franc Zone in Africa
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*A vers�o do texto � um OCR incorreto e est� inclu�do unicamente em benef�cio de usu�rios com conectividade lenta.