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Fear of Floating in Brazil: Did Inflation Targeting matter?

✍ Scribed by Reginaldo P. Nogueira Jr.; Miguel A. León-Ledesma

Book ID
116761397
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
457 KB
Volume
20
Category
Article
ISSN
1062-9408

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## Abstract This paper uses simple analytics to show the similarities and differences between inflation targeting and fear of floating in emerging markets. The analytics provide well‐defined predictions for the behaviour of exchange rates and relevant monetary variables under both regimes. This all