@techreport{NBERw9257, title = "The Great Exchange Rate Debate After Argentina", author = "Sebastian Edwards", institution = "National Bureau of Economic Research", type = "Working Paper", series = "Working Paper Series", number = "9257", year = "2002", month = "October", URL = "http://www.nber.org/papers/w9257", abstract = {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.'}, }