Exchange rate determination and the flaws of mainstream monetary theory
ABSTRACT Developing countries in general need flexibility and a sufficient number of instruments to prevent excessive volatility. Evidence does not support the orthodox belief that, with free floating, international financial markets will perform that role by smoothly adjusting exchange rates to the...
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| Format: | Article |
| Language: | English |
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Editora 34
2018-03-01
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| Series: | Brazilian Journal of Political Economy |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572018000100099&lng=en&tlng=en |