The Political Economy of Exchange Rate Policies In Latin America and the Caribbean Terms of Reference I. Justification of the Study
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چکیده
In addition, it seems clear that different national governments have pursued different policies toward the preferred level of the real exchange rate. Some countries appear committed to keeping the real value of their currencies Acompetitive@, that is relatively weak (depreciated). Others seem not to be particularly concerned about the impact of their exchange rates on export or import competitiveness. In some instances, this orientation has changed over time.
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