GELİŞMEKTE OLAN ÜLKELERDE DÖVİZ KURU UYUŞMAZLIĞI

Bu makale, denge reel döviz kuru teorisini analiz etmekte ve uyuşmazlığı, reel döviz kurunun (RER) denge düzeyinden sapması olarak tanımlamaktadır. Daha sonra üç alternatif nominal döviz kuru rejimlerinde makroekonomik politikaların rolü incelenmiştir. Önceden belirlenen nominal döviz kurlar, dalgalı nominal kurlar ve ikili ya da karaborsa döviz kurlan. Bu tartışma, uygun olmayan makroekonomik politikaların nasıl reel döviz kum uyuşmazlığına neden olduğunu ortaya koymaktadır. Nominal devalüasyonlar ve alternatif yaklaşımları da içeren düzeltici tedbirler değerlendirilmiştir.
Anahtar Kelimeler:

Döviz, Uyuşmazlık

___

  • Aizenman, Joshııa, 1985. “TarifFLiberaliziation Policy and Financial Restrictions.” Journal o f International Economics 19:241-55.
  • Bautista, Romeo, 1981. “Exchange Rate and LDC Export Performance under Generalized Currency Floating.” WeltwirtschajtlichesArchiv 17:443-68.
  • Calvo, Guillermo. 1986. “Fractured Liberalisin: Argentina under Martinez de Hoz.” Economic Development and Cultural Change 34, no.3 (April): 511-34.
  • Connolly, Michael, and Dean Taylor. 1976. “Adjustment to Devaluation with Money and Notraded G o o d s Journal o f International Economics 6 (August): 289-98.
  • -1979. “Exchange Rate Changes and Neutralization: A Test ofthe Monetaıy Approach Applied to Developed and Developing Countıies.”Economica 46 (August): 281-94
  • Cooper, Richard. 1971. Exchange Rate Devaluation in Developing Countries. Princeton Essays on International Finance 86, Princeton, N.J.: Princeton University Press.
  • Cuddington, John. 1986. Capital Flight: Estimates, Issues, and Explanations. Princeton Studies in International Finance 85, Princeton, N.J. : Princeton University Press.
  • Donovan, Donald. 1981 “Real Responses Associated With Exchange Rate Action in Selected UpperCredit-Tranche Stabilization Programs, “IMF Staff Papers 28 (December): 698-727.
  • Dombusch, Rudiger, 1974. “Tariffs and Nontraded Goods.” Journal o f International Economics (May): 117-85.
  • -1976”Expectations and Exchange Rate Dynamics”, Journal o f Political Economy 84 (December): 1161-76.
  • -1986a. Special Exchange Rates for Capital Account Transactions, “ \Vorld Bank Economic Revieva 1, no. 1 (September): 3-33.
  • -1986b. “Special Exchange Rates for Commercial Transactions.” Iıı Sebastian Edwards and Liaquat Ahamed, eds. Economic Adjustment and Exchange Rates in Developing Countries. Chicago. University of Chicago Press.
  • Edwards, Sebastian, 1985. “Money, the Rate of Devaluation, and Interest Rates in a Semi-Open Economy” Journal o f Money, Credit and Banking 17, no. 1 (Februaıy) 59-68.
  • -1986a. “Are Devaluations Contractionaıy?” Revievv o f Economics and Statistics 68, no.3 (August) : 501-08.
  • -1986b. “Exchange Rate Misalignment in Developing Countries: Analytical Issues and Empirical Evidence.” CPD Working Paper. World Bank, Country Policy Department, Washington, D.C.
  • -1986c. “Economic Liberalization and the Real Exchange Rate in Developing Countries”, Paper Presented at the Carlos Diaz-Alejandro Memorial Conference, Helsinki, August.
  • -1986d. ‘Tariffe, Terms of Trade and Real Exchange Rates in Intertemporal Models of the Current Account.” University o f Califomia, Los Angeles, Department of Economics.
  • -1988. Exchange Role Misalignment in Developing Countries. Baltimore, Md.: Johns Hopkins University Press.
  • -Forthcoming. RealExchangeRaîes. Devaluation andAdjustment. Cambridge, Mass.: MIT Press.
  • Krueger, A.O. 1974. “The Political Economy ofthe Rent Seeking Society.” American Economic Review 64:291-303.
  • -1978. Foreign Trade Regimes and Economic Development: Liberaüzaîion Attempts and Consequences. Cambridge, Mass.ıBallinger. - l983.Exchange Rate Determination. Cambridge, Mass.: Cambridge University Press.
  • Lizbondo, J.S. 1986. “Exchange Rate Reunification .” Paper presented at Econometric Society Meetings, Cordoba, Argentina.
  • Morgan, Theodore, and Albert Davis. 1981. “The Concomitants of Exchange Rate Depreciation: Less Developed Countries, 1971-1973”, Economic Developmenî and Cultural Change 31, no. 1 (October): 101-30.
  • Pfeffermann, Guy. 1985. “Overvalued Exchange Rates and Development.” Finance A nd Devetopment 22 (March):17-19.
  • Willet, Thomas. 1986. “Exchange Rate Volatility, International Trade, and Resource Allocation.” Journal o f InternationalM oney and Finance (Supplement) 5 (March): s.101-12.
  • Wiliamson, John 1983.The Exchange Rate System. Institute of International Economics, Policy Analysis and International Economics Series 5.Cambridge, Mass.: MT Press.
  • World Bank, 1984. Toward Sustained Development in in Sub-Saharan Africa. Washington, D.C.