Interest Rate Policy and Exchange Rates Volatility Lessons from Indonesia
Whether or not inflation targeting adoption leads to increased volatility of exchange rates is controversial. The volatility increases with inflation targeting as a result of the flexible exchange rate regime. Others argue that inflation targeting delivers the best outcomes in terms of lower exchang...
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| Format: | Article |
| Language: | English |
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Sciendo
2020-05-01
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| Series: | Journal of Central Banking Theory and Practice |
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| Online Access: | https://doi.org/10.2478/jcbtp-2020-0012 |