Rincón, Carlos E. León; Herault, Alejandro Revéiz - In: Revista de Economía Institucional 10 (2008) January-June, pp. 313-341
Currencies in developing countries are not freely convertible; they show higher inflation and volatility levels and show periods of sharp appreciation and depreciation. These characteristics not only are a challenge for economic authorities, but also call attention to their ability to fully...