Exchange Rate Overvaluation and Trade Protection : Lessons from Experience

Despite a trend toward more flexible rates, more than half the world's countries maintain fixed or managed exchange rates. In the 1980s and 1990s, developing countries as a group progressively liberalized their trade regimes, but some governme...

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Bibliographic Details
Main Authors:	Shatz, Howard J., Tarr, David G.
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	AGRICULTURAL GROWTH AGRICULTURE BALANCE OF PAYMENTS BANKING CRISIS BLACK MARKET BLACK MARKET PREMIUM BUDGET DEFICITS CAPITAL CONTROLS CAPITAL FLIGHT CAPITAL OUTFLOWS CENTRAL BANK CLOSED ECONOMIES COMPETITIVE EXCHANGE COMPETITIVE EXCHANGE RATE COMPETITIVE EXCHANGE RATES CURRENCY BOARD CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT DAMAGES DATA AVAILABILITY DEBT DEREGULATION DEVALUATION DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT RESEARCH DOMESTIC PRICES DOMESTIC PRODUCTS ECONOMIC ACTIVITY ECONOMIC CONTRACTIONS ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC POLICY ECONOMIC PROBLEMS ECONOMIC SITUATION ECONOMIC STABILITY ECONOMICS EQUILIBRIUM EXCHANGE RATE EXCHANGE RATE MISALIGNMENT EXCHANGE RATE POLICIES EXCHANGE RATE POLICY EXCHANGE RATE REGIME EXCHANGE RATE REGIMES EXCHANGE RATES EXPORT EARNINGS EXPORT GROWTH EXPORTS EXTERNAL FACTORS EXTERNAL SHOCKS EXTERNAL TRADE FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL SECTOR FINANCIAL SYSTEMS FISCAL DEFICIT FISCAL DEFICITS FISCAL POLICIES FIXED EXCHANGE RATE FIXED EXCHANGE RATE REGIMES FLEXIBLE EXCHANGE RATE SYSTEMS FLOATING EXCHANGE RATE FLOATING EXCHANGE RATE REGIME FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN INFLATION FOREIGN INTEREST RATES FOREIGN INVESTORS GDP GROWTH PROSPECTS GROWTH RATES HIGH INFLATION HIGH RATES IMPORT LIBERALIZATION IMPORT SUBSTITUTION IMPORTS INDEXATION INDUSTRIAL POLICY INDUSTRIALIZATION INTEREST RATES INTERNATIONAL COMPETITIVENESS INTERNATIONAL INVESTORS INTERNATIONAL MARKETS INTERNATIONAL MONETARY FUND INTERNATIONAL TRADE LONG RUN LONG TERM MACROECONOMIC STABILIZATION MARKET PRICES MONETARY EXPANSION MONEY SUPPLY NATIONAL INCOME NATIONAL INCOME ACCOUNTING NOMINAL ANCHOR NOMINAL EXCHANGE RATE OIL OIL PRICES OPEN ECONOMIES OVERVALUATION OVERVALUED EXCHANGE OVERVALUED EXCHANGE RATES POLICY INSTRUMENT POLICY INSTRUMENTS POLICY MAKERS POLICY RESEARCH POLICY TARGETS PRODUCERS PRODUCTIVITY PURCHASING POWER QUOTAS REAL APPRECIATION REAL EXCHANGE REAL EXCHANGE RATE REAL EXCHANGE RATES REAL GDP REAL OUTPUT REAL TERMS REAL WAGES RENT SEEKING RESOURCE ALLOCATION SAVINGS SLOW GROWTH STRUCTURAL ADJUSTMENT SUSTAINED GROWTH TARIFF BARRIERS TAX REFORM TERMS OF TRADE TIGHT MONETARY POLICY TRADABLE GOODS TRADE BALANCE TRADE BARRIERS TRADE DEFICIT TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY TRADE REFORMS TRADE REGIME TRADE REGIMES TRADE SHOCKS TRANSITION COUNTRIES TRANSMISSION MECHANISM TROUGH UNEMPLOYMENT UNEMPLOYMENT RATE WAGE RIGIDITIES WORLD COMMUNITY
Online Access:	http://documents.worldbank.org/curated/en/2000/02/438379/exchange-rate-overvaluation-trade-protection-lessons-experience http://hdl.handle.net/10986/22334