Real Exchange Rate and Trade Openness in Emerging Economies: Argentina in the Long-Run
| Autor: | Véganzonès-Varoudakis, Marie-Ange, Varoudakis, Aristomène, Richaud, Christine |
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| Přispěvatelé: | Véganzonès-Varoudakis, Marie-Ange, Centre d'Études et de Recherches sur le Développement International (CERDI), Université Clermont Auvergne [2017-2020] (UCA [2017-2020])-Centre National de la Recherche Scientifique (CNRS) |
| Jazyk: | angličtina |
| Rok vydání: | 2000 |
| Předmět: | |
| Zdroj: | Applied Economics Applied Economics, 2000, 32 (1) Applied Economics, Taylor & Francis (Routledge), 2000, 32 (1) |
| ISSN: | 0003-6846 1466-4283 |
| Popis: | International audience; Argentina's economic policies since the beginning of the century, provide an interesting background to the study of real exchange rate (RER) management in emerging countries. In this article, four types of RER overvaluation are identified. In the 1920s, Argentina provides a short example of overvaluation in the context of a fixed exchange rate policy. Moreover, estimations show that import substitution regimes can lead to a misalignment of RER. Argentina illustrates also the difficult management of RER in a volatile environment. Results allow, in addition, a better understanding of the failure of the trade liberalization attempts of the country and reminds one that successfully integrating the world economy requires an appropriate RER policy. |
| Databáze: | OpenAIRE |
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