Abstract
The following article deals with the reasons for the fierce resistance of the developing countries to the system of floating exchange rates which the industrialized countries are favouring at present. It examines the consequences of floating exchange rates for the foreign trade, indebtedness and reserves of the developing countries and their implications for the situation in their domestic economies as a whole.
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References
Cf. J. P. Agarwal, Optimal Monetary Reserves for Developing Countries, in: Weltwirtschaftliches Archiv, Vol. 107, Issue 1, Kiel 1971, p. 89.
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HWWA-Institut für Wirtschaftsforschung-Hamburg.
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Erhardt, B. Floating exchange rates and their problems for the developing countries. Intereconomics 12, 29–34 (1977). https://doi.org/10.1007/BF02929168
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DOI: https://doi.org/10.1007/BF02929168