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Does the Exchange Regime Matter for inflation and Growth?
International Monetary Fund
出版
International Monetary Fund
, 1996-09-01
主題
Business & Economics / Foreign Exchange
Business & Economics / Inflation
ISBN
1557756147
9781557756145
URL
http://books.google.com.hk/books?id=PsLKfCsoDwYC&hl=&source=gbs_api
EBook
SAMPLE
註釋
Although the theoretical relationships are ambiguous, evidence suggestsa strong link between the choice of the exchange rate regime and economicperformance. The paper argues that adopting a pegged exchange rate canlead to lower inflation, but also to slower growth in productivity. Itfinds that on average per capita GDP growth was slightly faster underfloating regimes than under pegged exchange regimes.
