Barajas, Adolfo; Erickson, Lennart; Steiner, Roberto - In: IMF Staff Papers 55 (2008) 3, pp. 445-480
Beginning with the papers by Calvo and Reinhart (2002) and Levy Yeyati and Sturzenegger (2001), there has been growing recognition of a disconnect between what emerging economies say they do in exchange rate policy (words), and what they do in practice (deeds). More specifically, a “fear of...
