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Exchange Rates, Capital Flows, And Monetary Policy In A Changing World Economy-image

Exchange Rates, Capital Flows, And Monetary Policy In A Changing World Economy

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The dramatic growth of international capital flow has provided unprecedented opportunities and risks in emerging markets. This book is the result of a conference exploring this phenomenon, sponsored by the Federal Reserve Bank of Dallas. The issues explored include direct versus portfolio investment; exchange rates and economic growth; and optimal exchange rate policy for stabilizing inflation in developing countries. It concludes with a panel discussion on central bank coordination in the midst of exchange rate instability.

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