Monetary policy independence and floating exchange rates: what does the Brazilian evidence tell us?
ABSTRACT Some authors have advocated that shifting from fixed exchange rates to floating regimes has not delivered better economic outcomes to developing countries. As the argument goes, pervasive fear of floating in these economies has prevented drops in real interest rates and, more importantly, h...
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| Format: | Article |
| Language: | English |
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Editora 34
2020-06-01
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| Series: | Brazilian Journal of Political Economy |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572004000100030&tlng=en |