Real exchange rates, real interest rates, and agriculture
Real exchange rates and real interest rates interact to affect economic structures. The concept of the real exchange rate is examined, as are the consequences for it of various shocks to the economy. The effects of fiscal and monetary expansion and of changes in world interest rates on domestic real interest rates and real exchange rates are outlined. Agricultural production in many developing countries has been taxed through the effects on real exchange rates of government macroeconomic and protection policies. More generally the effects on agricultural products of such policies depend on whether these products are tradable (and within that category on whether they are import competing or exportable) and on their relative capital intensity
| Main Authors: | , , |
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| Format: | Texto biblioteca |
| Language: | eng |
| Published: |
Buenos Aires (Argentina)
1988
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