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The Political Economy of Exchange Rate Regimes and External (Im)Balances: The Role of Labor Market Institutions
Sat, April 5, 5:10 to 6:40pm CDT (5:10 to 6:40pm CDT), Palmer House Hilton, Floor: 7th, LaSalle 5Brief Overview
Current account and trade balances are influenced by exchange rate regimes, but the effect depends on labor market institutions. Rigidity in exchange rates leads to surpluses with flexible labor markets, and deficits with rigid ones.