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来源类型Working Paper
规范类型报告
DOI10.3386/w27975
来源IDWorking Paper 27975
Milton Friedman and Exchange Rates in Developing Countries
Sebastian Edwards
发表日期2020-10-26
出版年2020
语种英语
摘要Milton Friedman’s famous 1953 essay, “The case for flexible exchange rates,” deals entirely with advanced nations. An interesting question is what Friedman thought about exchange rate and monetary regimes in emerging economies. In this paper I investigate how his views on the subject evolved through time. I analyze speeches, articles, and interviews. I examine his archives for correspondence and unpublished manuscripts. I show that for him flexible rates were a second best solution for middle income and poor nations. I also analyze Friedman’s role in Chile’s failed attempt, during the Pinochet regime, at using a fixed exchange rate to stabilize the economy and eliminate inflation.
主题Other ; History of Economic Thought ; International Economics ; International Finance
URLhttps://www.nber.org/papers/w27975
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/585648
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GB/T 7714
Sebastian Edwards. Milton Friedman and Exchange Rates in Developing Countries. 2020.
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