Friedman Redux : External Adjustment and Exchange Rate Flexibility /
Milton Friedman argued that flexible exchange rates would facilitate external adjustment. Recent studies find surprisingly little robust evidence that they do. We argue that this is because they use composite (or aggregate) exchange rate regime classifications, which often mask very heterogeneous bi...
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| Otros Autores: | , |
| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2014.
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| Colección: | IMF Working Papers; Working Paper ;
No. 2014/146 |
| Acceso en línea: | Full text available on IMF |