The country studies and their background papers included in this book were prepared for the Latin America and the Caribbean section of the "Global Research Project: Explaining Growth" of the Global Development Network (GDN), a research effort conducted in association with the Latin American and...

The paper focuses on distributional consequences of macroeconomic adjustment. The preferences of economic agents over the level of the real exchange rate derived from standard models are monotonic, with agents favoring either an infinitely appreciated or depreciated rate. To generate less...

The paper analyses the role of exchange rate in determining the export behaviour of Textiles and Clothing (T&C) sector. The study found an inverse relationship between the rises in exchange rate and exports. This suggests that the devaluation of Indian rupee has not helped to boost the exports...