The choice of an exchange rate regime: Outcomes and constraints
An inappropriate exchange rate policy is likely to undermine overall efforts to transform the economy. Namely, it is now well accepted either at the theoretical or policy level that situations of real exchange rate misalignment could be translated into important welfare costs. This country study hig...
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Faculty of Economics, Belgrade
2006-01-01
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| Series: | Ekonomski Anali |
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| Online Access: | http://www.doiserbia.nb.rs/img/doi/0013-3264/2006/0013-32640668073M.pdf |
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doaj-b4a4fedf8ad94efb84a8a5dea97ff8eb2020-11-24T23:52:36ZengFaculty of Economics, BelgradeEkonomski Anali0013-32642006-01-0151168739410.2298/EKA0668073MThe choice of an exchange rate regime: Outcomes and constraintsMarinković Srđan T.An inappropriate exchange rate policy is likely to undermine overall efforts to transform the economy. Namely, it is now well accepted either at the theoretical or policy level that situations of real exchange rate misalignment could be translated into important welfare costs. This country study highlights "irrelevancy" of the stability criteria when slow growth recovery threatens to endanger even social roots of determination for reform. We discuss foreign exchange policy and other related policy measures that are likely to align economic and political goals inside a trade-off between stability and growth. http://www.doiserbia.nb.rs/img/doi/0013-3264/2006/0013-32640668073M.pdfreal exchange rateinternational reservestransitioneconomic growth |
| collection |
DOAJ |
| language |
English |
| format |
Article |
| sources |
DOAJ |
| author |
Marinković Srđan T. |
| spellingShingle |
Marinković Srđan T. The choice of an exchange rate regime: Outcomes and constraints Ekonomski Anali real exchange rate international reserves transition economic growth |
| author_facet |
Marinković Srđan T. |
| author_sort |
Marinković Srđan T. |
| title |
The choice of an exchange rate regime: Outcomes and constraints |
| title_short |
The choice of an exchange rate regime: Outcomes and constraints |
| title_full |
The choice of an exchange rate regime: Outcomes and constraints |
| title_fullStr |
The choice of an exchange rate regime: Outcomes and constraints |
| title_full_unstemmed |
The choice of an exchange rate regime: Outcomes and constraints |
| title_sort |
choice of an exchange rate regime: outcomes and constraints |
| publisher |
Faculty of Economics, Belgrade |
| series |
Ekonomski Anali |
| issn |
0013-3264 |
| publishDate |
2006-01-01 |
| description |
An inappropriate exchange rate policy is likely to undermine overall efforts to transform the economy. Namely, it is now well accepted either at the theoretical or policy level that situations of real exchange rate misalignment could be translated into important welfare costs. This country study highlights "irrelevancy" of the stability criteria when slow growth recovery threatens to endanger even social roots of determination for reform. We discuss foreign exchange policy and other related policy measures that are likely to align economic and political goals inside a trade-off between stability and growth. |
| topic |
real exchange rate international reserves transition economic growth |
| url |
http://www.doiserbia.nb.rs/img/doi/0013-3264/2006/0013-32640668073M.pdf |
| work_keys_str_mv |
AT marinkovicsrđant thechoiceofanexchangerateregimeoutcomesandconstraints AT marinkovicsrđant choiceofanexchangerateregimeoutcomesandconstraints |
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