Journal Article

A critique of monetary protectionism


Abstract: An argument against attempts to achieve current-account objectives through monetary manipulation of nominal exchange rates, with an explanation of why such tampering--which for various reasons might appear politically attractive--ultimately harms economic welfare.

Keywords: Monetary policy; Foreign exchange - Law and legislation;

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Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 1990

Issue: May

Order Number: 2