A distinction can be made between two approaches to exchange rate policy in developing countries. The "real targets" and the "nominal anchor" approach. Part I of this report gives an overview of the two approaches and the assumptions they imply. Part II expounds the "real targets" approach and its implications in some detail. This is really the approach that is now orthodox. Part III expounds the "nominal anchor" approach and its implications, and...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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1990/04/30
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Рабочий документ в рамках исследования вопросов политики
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WPS412
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1
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1
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2010/07/01
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Exchange rate policy in developing countries
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Exchange Rates
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