The Great Exchange Rate Debate After Argentina
NBER Working Paper No. 9257
In this paper I discuss in what way, if any, the collapse of Argentina's experience with a currency board has affected the policy debate on the appropriate exchange rate regime in emerging and transition countries. More specifically, I deal with three issues: (1) I discuss some important aspects of the Argentine experience. (2) I provide a comparative evaluation of economic performance under strict dollarization. And (3), I analyze emerging countries' experiences with flexible exchange rates, including the issue of fear of floating.'
Published: Edwards, Sebastian. "The Great Exchange Rate Debate After Argentina," North American Journal of Economics and Finance, 2002, v13(3,Dec), 237-252.