• Publications
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Openness, Productivity and Growth: What Do We Really Know?
For over a century social analysts have debated the connection between trade policy and economic performance. This controversy continues today, even as the world is experiencing an unprecedented
Real Exchange Rates, Devaluation, and Adjustment: Exchange Rate Policy in Developing Countries
"Real Exchange Rates, Devaluation, and Adjustment "provides a unified theoretical and empirical investigation of exchange rate policy and performance in scores of developing countries. It develops a
Openness, Trade Liberalization, and Growth in Developing Countries
I am indebted to three referees for extremely helpful comments. This paper was revised during my stay at the Kiel Institute for the World Economy, in March 1992. I thank colleagues and the library
Exchange Rate Misalignment In Developing Countries
This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium level. The role of macroeconomic
Seigniorage and Political Instability
The importance of seignorage relative to other sources of government revenue differs markedly across countries. The main theoretical implication of this paper is that countries with more unstable and
Capital Mobility and Economic Performance: Are Emerging Economies Different?
In this paper I use a new cross-country data set to investigate the effects of capital mobility on economic growth. The new indicator of capital mobility used in this analysis is superior to
Crisis and Reform in Latin America: From Despair to Hope
  • S. Edwards
  • Economics, Political Science
  • 1 September 1997
During the past few years, the Latin American countries have gone through major economic reforms that have greatly changed the region's economic landscape. What started as an isolated and slow