Measuring real exchange rate instability in developing countries : empirical evidence and implications (English)

Exchange rate policy has received renewed attention because of its prominent role in adjustment programs. Several analysts have examined the impact of real exchange rate uncertainty on the performance of such economic variables as GDP growth, exports, and investment. The author uses data on the real exchange rate for 56 developing countries with managed exchange rates to make three points. First, the distribution of annual changes in real exchange...

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Author

Pritchett,Lant Hayward;
Document Date
1991/10/31
Document Type
Policy Research Working Paper
Report Number
WPS791
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2010/07/01
Disclosure Status
Disclosed
Doc Name
Measuring real exchange rate instability in developing countries : empirical evidence and implications
Keywords
standard deviation

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Citation

Pritchett,Lant Hayward.

Measuring real exchange rate instability in developing countries : empirical evidence and implications (English). Policy, Research, and External Affairs working papers|no. WPS 791. Trade policy Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/226991468765025599

Measuring real exchange rate instability in developing countries : empirical evidence and implications (English)

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