UN Department of Economic and Social Affairs (DESA) Working Papers

Real Exchange Rate, Monetary Policy and Employment

DOI:https://dx.doi.org/10.18356/db30bcf3-en

The exchange rate affects the economy through many channels and, consequently, has diverse macroeconomic and development impacts. Five are analysed in this paper: resource allocation, economic development, finance, external balance and inflation. The use of the exchange rate as a developmental...



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