Macroeconomic Implications of Real Exchange Rate Targeting in Developing Countries /

This paper analyzes the macroeconomic effects of a variety of exogenous and policy-induced real disturbances when the authorities target the level of the real exchange rate. It first discusses the implications--particularly for inflation and the current account--of targeting the rate at an 'ove...

Descrición completa

Detalles Bibliográficos
Autor Principal: Montiel, Peter
Outros autores: Ostry, Jonathan
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 1991.
Series:IMF Working Papers; Working Paper ; No. 1991/029
Acceso en liña:Full text available on IMF