6. Capital Flows, the Current Account, and the Real Exchange Rate: Some Consequences of Stabilization and Liberalization

Chapters in this book

1. Frontmatter i
2. Contents ix
3. Acknowledgments xiii
4. Introduction 1
5. I. Stabilization, Adjustment, and Exchange Rate Policy in Developing Countries
6. 1. Exchange Rate Management and Stabilization Policies in Developing Countries 17
7. 2. The Effects of Commercial, Fiscal, Monetary, and Exchange Rate Policies on the Real Exchange Rate 43
8. 3. Wage Indexation, Supply Shocks, and Monetary Policy in a Small, Open Economy 89
9. 4. Multiple Exchange Rates for Commercial Transactions 143
10. II. Economic Reform, Foreign Shocks, and Exchange Rates
11. 5. Welfare, Banks, and Capital Mobility in Steady State: The Case of Predetermined Exchange Rates 177
12. 6. Capital Flows, the Current Account, and the Real Exchange Rate: Some Consequences of Stabilization and Liberalization 201
13. III. Case Studies
14. 7. Commodity Export Prices and the Real Exchange Rate in Developing Countries: Coffee in Colombia 235
15. 8. Stabilization, Stagflation, and Investment Incentives: The Case of Kenya, 1979-1980 267
16. 9. Discrete Devaluation as a Signal to Price Setters: Suggested Evidence from Greece 295
17. 10. Collective Pegging to a Single Currency: The West African Monetary Union 333
18. IV. Economic Adjustment and the Real Exchange Rate
19. 11. Economic Adjustment and the Real Exchange Rate 371
20. Contributors 425
21. Author Index 429
22. Subject Index 431