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The Great Exchange Rate Debate After Argentina

Опубликовано на портале: 11-11-2004
In this paper I discuss in what way, if any, the collapse of Argentina's experience with a currency board has affected the policy debate on the appropriate exchange rate regime in emerging and transition countries. More specifically, I deal with three issues: I discuss some important aspects of the Argentine experience. I provide a comparative evaluation of economic performance under strict dollarization. And I analyze emerging countries' experiences with flexible exchange rates, including the issue of fear of floating.

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