Fixed or Flexible? Getting the Exchange Rate Right in the 1990s

This paper examines the recent evolution of exchange rate policies in the developing world. It looks at why so many countries have made a transition from fixed or "pegged" exchange rates to "managed floating" currencies. It discusses how economics perform under different exchange...

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Main Author: Aziz, Jahangir
Other Authors: Caramazza, Francesco
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1998, 1998
Series:Economic Issues; Economic Issues
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Summary:This paper examines the recent evolution of exchange rate policies in the developing world. It looks at why so many countries have made a transition from fixed or "pegged" exchange rates to "managed floating" currencies. It discusses how economics perform under different exchange rate arrangements, issues in the choice of regime, and the challenges poised by a world or increasing capital mobility, especially when banking sectors are inadequately regulated or supervised
Physical Description:25 p.
ISBN:1455220035
9781455220038