NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

A Faith-based Initiative: Does a Flexible Exchange Rate Regime Really Facilitate Current Account Adjustment?

Menzie D. Chinn, Shang-Jin Wei

NBER Working Paper No. 14420
Issued in October 2008

---- Acknowledgements -----

We thank Charles Engel, Graciela Kaminsky and Franc Klaassen for very helpful comments. Chinn acknowledges the financial support of faculty research funds of the University of Wisconsin, Madison. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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