Exchange Rates in Emerging Economies: What Do We Know? What Do We Need to Know? / Sebastian Edwards, Miguel A. Savastano.

Format:

Book

Author/Creator:

Edwards, Sebastian.

Contributor:

National Bureau of Economic Research.

Savastano, Miguel A.

Series:

Working Paper Series (National Bureau of Economic Research) no. w7228.

NBER working paper series no. w7228

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Exchange Rates in Emerging Economies

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1999.

Summary:

Exchange rates have been at the center of economic debates in emerging economies. Issues related to the feasibility of flexible exchange rates, the relationship between exchange rate volatility and growth, and the role of exchange rate overvaluation in recent crises, among other, have been extensively discussed during the last few years. In this paper we address some of the most important exchange rate-related issues in emerging economies. In particular, we deal with: (a) the merits of alternative exchange rate regimes: (b) the extent to which purchasing power parity holds in the long run in these countries; and (c) models to assess real exchange rate overvaluation. We also discuss future areas for research on exchange rates in the emerging nations.

Notes:

Print version record

July 1999.