04.01.2021

Does the Real Exchange Rate Matter?

This brief distills a complex and compelling argument that stable and secure real exchange rates are good for development.

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The publication by Martín Rapetti (Professor of Economics at IIEP, University of Buenos Aires) was written to follow up on a 2019 G24/FES article in a series on "Growth and Reducing Inequality." Trade unions and civil society organizations (CSOs) working in the arena of the international financial institutions and the multilateral system who seek further information on impacts of exchange rate policies on development may find it especially useful. This brief distills a complex and compelling argument that stable and secure real exchange rates are good for development, making it more accessible and relevant to a CSO audience.

Friedrich-Ebert-Stiftung
New York Office

747 Third Avenue, Suite 34D
New York, NY 10017

+1 (212) 687-0208

info(at)fesny.org

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