Do the Benefits of Fixed Exchange Rates Outweigh Their Costs? PDF Download

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Do the Benefits of Fixed Exchange Rates Outweigh Their Costs?

Do the Benefits of Fixed Exchange Rates Outweigh Their Costs? PDF Author: Shantayanan Devarajan
Publisher: World Bank Publications
ISBN:
Category : Economics
Languages : en
Pages : 37

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Book Description
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.