Friedman Redux : External Adjustment and Exchange Rate Flexibility /
Milton Friedman argued that flexible exchange rates would facilitate external adjustment. Recent studies find surprisingly little robust evidence that they do. We argue that this is because they use composite (or aggregate) exchange rate regime classifications, which often mask very heterogeneous bi...
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| Altri autori: | , |
| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2014.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2014/146 |
| Accesso online: | Full text available on IMF |