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In spite of the attention paid exchange rates in recent economic debates on developing countries, relatively few studies have systematically analyzed in detail the various ramifications of exchange rate policy in these countries. In this new volume from the National Bureau of Economic Research, leading economists use rigorous models to tackle various exchange rate issues, while also illuminating policy implications that emerge from their analyses. The volume, divided into four main sections, addresses: the role of exchange rates in stabilization programs and the adjustment process; the importance of exchange rate policy during liberalization reform in developing countries; exchange rate problems relevant and unique to developing countries, illustrated by case studies; and the problems defining, measuring, and identifying determinants of real exchange rates. Authors of individual papers examine the relation between commercial policies and exchange rates, the role of exchange rate policy in stabilization programs, the effectiveness of devaluations as a policy tool, and the interaction between exchange rate terms of trade an capital flow. This research will not only prove crucial to our understanding of the role of exchange rates in developing countries, but will clearly set the standard for future work in the field.

International finance --- Developing countries --- Foreign exchange administration --- Economic stabilization --- Econometric models --- Congresses --- 339.742 --- 339.96 --- -Foreign exchange administration --- -AA / International- internationaal --- LDC / Developping Countries - Pays En Développement --- 338.340 --- 333.110 --- 333.825 --- 333.451.5 --- 333.450 --- 333.846.0 --- NBB congres --- Foreign exchange --- Adjustment, Economic --- Business stabilization --- Economic adjustment --- Stabilization, Economic --- Economic policy --- Betalingsverdragen --- Ontwikkelingshulp. Ontwikkelingssamenwerking. Ontwikkelingsproblematiek --- -Econometric models --- Algemene ontwikkeling in de Derde Wereld. --- Centrale banken en parastatale kredietinstellingen: algemeen. Overheidsbemoeiïng inzake organisatie en verdeling van het krediet. --- Deviezenpolitiek. Interventies. --- Meervoudige wisselkoersen. --- Theorie van het deviezenverkeer. Theorie van de koopkrachtpariteit. --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden. --- 339.96 Ontwikkelingshulp. Ontwikkelingssamenwerking. Ontwikkelingsproblematiek --- 339.742 Betalingsverdragen --- AA / International- internationaal --- Econometric models&delete& --- Centrale banken en parastatale kredietinstellingen: algemeen. Overheidsbemoeiïng inzake organisatie en verdeling van het krediet --- Theorie van het deviezenverkeer. Theorie van de koopkrachtpariteit --- Meervoudige wisselkoersen --- Deviezenpolitiek. Interventies --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden --- Algemene ontwikkeling in de Derde Wereld --- Control --- Policies of governments --- E-books --- Foreign exchange administration - Developing countries - Econometric models - Congresses --- Economic stabilization - Developing countries - Econometric models - Congresses --- exchange rate, policy, stabilization programs, adjustment, liberalization, reform, developing countries, commercial policies, devaluation, capital flow, trade, nonfiction, economics, econometric models, open economy, supply shocks, wage indexation, welfare, banks, export, colombia, coffee, west africa, currency, price setters, greece, kenya, investment incentives, stagflation, finance.