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Do the Benefits of Fixed Exchange Rates Outweigh Their Costs Book PDF Summary

Fixed exchange rates have been a bad bargain for the CFA member countries. Under reasonable tradeoffs between output and inflation, these countries would have been better off having the flexibility to adjust to external shocks.

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Do the Benefits of Fixed Exchange Rates Outweigh Their Costs
  • Author : Shantayanan Devarajan
  • Release : 01 October 1991
  • Publisher : World Bank Publications
  • ISBN : 978186723xxxx
  • Genre : Economics
  • Total Page : 37 pages
  • Language : English
  • PDF File Size : 17,7 Mb

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