Economic crises arising from exchange rate volatility and high inflation have affected countries around world, particularly those with developing economies. The usual response of countries during times of crisis has been to design and implement stabilisation packages aimed at controlling the exchange rate, stabilising inflation, and restoring economic fundamentals. The stabilisation attempts pursued in Latin America, Africa and Eastern Europe since the 1970s have motivated an interesting literature debating which strategy to adopt in order to achieve stabilisation and evaluate the merits of...
Economic crises arising from exchange rate volatility and high inflation have affected countries around world, particularly those with developing econ...
