1985 | OriginalPaper | Buchkapitel
Exchange-Rate Policy, International Capital Movements and the Financing of Development
verfasst von : Alexandre Kafka
Erschienen in: Financing Problems of Developing Countries
Verlag: Palgrave Macmillan UK
Enthalten in: Professional Book Archive
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The topic assigned to me is potentially vast. Of the many ways of cutting it down, I have thought it most interesting to choose an impressionistic one: namely, to address a few points which seemed particularly interesting from a policy point of view. There is some empirical evidence (particularly relating to ‘developing countries’), but much of the discussion is merely taxonomic. There are, consequently, no firm conclusions. It does not appear, however, that either the exchange-rate system or the exchange rate is a particularly apt instrument for stimulating capital flows and financing development.