The empirical evidence presented in this paper casts serious doubts on the by now widely accepted "stylized factes" of the exchange rate based stabilization programs (ERBS) as they are stated in Kiguel and Liviatan (1992) and in vegh (1992).

This study measures the proportion of U.S. exchange rate movements that can be accounted for by movements in relative prices of non-traded goods.

The purpose of this study is to assess the economic performance of African countries according to their exchange rate regimes. The methodology is based on the estimation of an empirical growth model that controls for labor productivity, investment share, initial income per capita, and changes in...