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Exchange Rates

The research on exchange rates studies the following type of questions: 

  • What are the optimal exchange rate regimes in a financially integrated environment? 
  • To what extent can exchange rates float in developing countries? 
  • How do current accounts respond to shocks, and what does this imply for the sustainability of countries’ external liabilities?

Resource persons

Publications and Working Papers

Journal articles, book chapters, and other publications
This page lists recent scholarly publications by staff working in the area of Macroeconomics and Growth.  Publications are organized by topic and appear in reverse chronological order.

The Policy Research Working Paper Series dissseminates findings of work in progress to encourage the exchange of ideas about development issues.  These are official working papers of the World Bank and are drawn from the World Bank's institutional archives. Each link opens a page with an abstract of the document and several download options. Choose the 'light-weight documents' option for easy download.


WPS4636Real exchange rates, saving and growth : is there a link ?Montiel, Peter J.; Serven, Luis2008/05
WPS3497What does regional trade in South Asia reveal about future trade integration? Some empirical evidencePitigala, Nihal2005/02
WPS3322Tango with the Gringo: the hard peg and real misalignment in ArgentinaAlberola, Enrique; Lopez, Humberto; Serven, Luis2004/06
WPS2980Living and dying with hard pegs : the rise and fall of Argentina's currency boardDe la Torre, Augusto; Levy Yeyati, Eduardo; Schmukler, Sergio L.2003/03
WPS2903Financial globalization : unequal blessingsDe la Torre, Augusto; Levy Yeyati, Eduardo; Schmukler, Sergio L.2002/10

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