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Exchange Rate Policy for Developing Countries

In: The World Economic Order

Author

Listed:
  • William Branson
  • Louka Katseli-Papaefstratiou
  • Stanislaw Wellisz

Abstract

In his Per Jacobsson lecture, Arthur Lewis (1972 p. 33) said: ‘It is now the conventional wisdom that the currencies of the developed countries should float, but the currencies of the less-developed (LDCs) should not; that is to say that each LDC should choose a more developed country (MDC) as a partner—or the SDR—and tie itself in a fixed relationship.’

Suggested Citation

  • William Branson & Louka Katseli-Papaefstratiou & Stanislaw Wellisz, 1981. "Exchange Rate Policy for Developing Countries," Palgrave Macmillan Books, in: Sven Grassman & Erik Lundberg (ed.), The World Economic Order, chapter 11, pages 391-422, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-16488-2_12
    DOI: 10.1007/978-1-349-16488-2_12
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    Citations

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    Cited by:

    1. Mohammad Ahmed, 1992. "Pakistan's Exchange Rate Policy: An Econometric Investigation," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 31(1), pages 49-74.
    2. Pierre Jacquemot, 1989. "Rôle du taux de change dans l'ajustement d'une économie à faible revenu. Une revue de la littérature récente," Revue Tiers Monde, Programme National Persée, vol. 30(118), pages 357-402.
    3. Zhang, Zhichao & Shi, Nan & Zhang, Xiaoli, 2011. "China’s new exchange rate regime, optimal basket currency and currency diversification," MPRA Paper 32642, University Library of Munich, Germany.
    4. Habib, Maurizio Michael & Stráský, Jan, 2008. "Oil exporters: in search of an external anchor," Working Paper Series 958, European Central Bank.
    5. Zhang, Zhichao & Shi, Nan & Zhang, Xiaoli, 2011. "China s new exchange rate regime, optimal basket currency and currency diversification," BOFIT Discussion Papers 19/2011, Bank of Finland Institute for Emerging Economies (BOFIT).
    6. Zhang, Zhichao & Shi, Nan & Zhang, Xiaoli, 2011. "China’s new exchange rate regime, optimal basket currency and currency diversification," MPRA Paper 32642, University Library of Munich, Germany.
    7. Hilbers, P.L.C., 1985. "Exchange rate policies for less developed countries," Serie Research Memoranda 0029, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    8. Renate Ohr, 1991. "Exchange-rate strategies in developing countries," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 26(3), pages 115-121, May.
    9. repec:zbw:bofitp:2011_019 is not listed on IDEAS

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