The Great Exchange Rate Debate after Argentina

26 Pages Posted: 4 Oct 2002 Last revised: 19 Oct 2022

See all articles by Sebastian Edwards

Sebastian Edwards

University of California, Los Angeles (UCLA) - Global Economics and Management (GEM) Area; National Bureau of Economic Research (NBER)

Date Written: October 2002

Abstract

In this paper I discuss in what way, if any, the collapse of Argentina's experience with a currency board has affected the policy debate on the appropriate exchange rate regime in emerging and transition countries. More specifically, I deal with three issues: (1) I discuss some important aspects of the Argentine experience. (2) I provide a comparative evaluation of economic performance under strict dollarization. And (3), I analyze emerging countries' experiences with flexible exchange rates, including the issue of fear of floating.'

Suggested Citation

Edwards, Sebastian, The Great Exchange Rate Debate after Argentina (October 2002). NBER Working Paper No. w9257, Available at SSRN: https://ssrn.com/abstract=336373

Sebastian Edwards (Contact Author)

University of California, Los Angeles (UCLA) - Global Economics and Management (GEM) Area ( email )

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