Are Emerging Market Countries Learning to Float?

The paper finds that exchange rate flexibility in emerging market countries has increased over the past decade. This "learning to float" appears to have involved a strengthening of monetary and financial policy frameworks aimed at directly addressing the key vulnerabilities that give rise...

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Bibliographic Details
Main Author: Hakura, Dalia
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2005
Series:IMF Working Papers
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Are Emerging Market Countries Learning to Float?  |c Dalia Hakura 
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300 |a 34 pages 
651 4 |a South Africa 
653 |a State supervision 
653 |a Exchange rate arrangements 
653 |a Banks and banking 
653 |a Monetary economics 
653 |a Bank supervision 
653 |a Currency 
653 |a Monetary policy frameworks 
653 |a Financial Institutions and Services: Government Policy and Regulation 
653 |a Foreign Exchange 
653 |a Banks and Banking 
653 |a Exchange rate flexibility 
653 |a Monetary policy 
653 |a Exchange rates 
653 |a Monetary Policy 
653 |a Money and Monetary Policy 
653 |a Financial services law & regulation 
653 |a Foreign exchange 
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520 |a The paper finds that exchange rate flexibility in emerging market countries has increased over the past decade. This "learning to float" appears to have involved a strengthening of monetary and financial policy frameworks aimed at directly addressing the key vulnerabilities that give rise to the "fear of floating." The results in the paper suggest that the trend toward greater exchange rate flexibility, alongside a strengthening of banking supervision, has afforded emerging market countries more monetary policy independence