Moving to greater exchange rate flexibility: operational aspects based on lessons from detailed country experiences
"Many countries moved toward more flexible exchange rate regimes over the past decade, which reflects in part the belief that more flexible exchange rates provide a greater degree of monetary policy autonomy and flexibility in responding to external shocks, including large and volatile capital...
Gespeichert in:
| Format: | Buch |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
Washington, DC
Internat. Monetary Fund
2007
|
| Schriftenreihe: | Occasional paper / International Monetary Fund
256 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Zusammenfassung: | "Many countries moved toward more flexible exchange rate regimes over the past decade, which reflects in part the belief that more flexible exchange rates provide a greater degree of monetary policy autonomy and flexibility in responding to external shocks, including large and volatile capital flows. There has often been a reluctance to let go of pegged exchange rates despite the benefits of flexible rates. The extensive institutional and operational requirements needed to support a floating exchange rate as well as difficulties in assessing the right time and manner to exit tend to be additional factors in this reluctance. This paper presents the concrete steps taken by certain countries in transitioning to greater exchange rate flexibility, with a view to elaborating on the operational ingredients that proved helpful in promoting successful and durable transitions. It attempts to provide a better understanding of how these various operational ingredients were established and coordinated with the exits, how their implementation interacted with macro and other conditions, and how they contributed to the smoothness of the exits. The material in this paper was originally prepared in connection with a workshop on moving to greater exchange rate flexibility conducted in Ukraine in April 2005. The detailed case studies prepared subsequently also aimed a providing a follow-up to a discussion by the International Monetary Fund's (IMF) Executive Board in Devember 2004 on "From Fixed to Float: Operational Asoects of Moving Toward Exchange Rate Flexibility" (IMF, 2004). In concluding the discussion, Directors asked for more guidance on the sequencing and order of importance of the operational elements, backed by analysis of more specific country experiences and cross-country studies" -- pref. (v.). |
| Beschreibung: | VII, 82 S. graph. Darst. |
| ISBN: | 9781589066243 |
Internformat
MARC
| LEADER | 00000nam a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV022503547 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | t | ||
| 008 | 070710s2007 d||| |||| 00||| eng d | ||
| 020 | |a 9781589066243 |9 978-1-58906-624-3 | ||
| 035 | |a (OCoLC)137262389 | ||
| 035 | |a (DE-599)BVBBV022503547 | ||
| 040 | |a DE-604 |b ger |e rakwb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-20 | ||
| 050 | 0 | |a HG3851 | |
| 082 | 0 | |a 332.4/56 |2 22 | |
| 245 | 1 | 0 | |a Moving to greater exchange rate flexibility |b operational aspects based on lessons from detailed country experiences |c Inci Ötker-Robe and David Vávra |
| 264 | 1 | |a Washington, DC |b Internat. Monetary Fund |c 2007 | |
| 300 | |a VII, 82 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a Occasional paper / International Monetary Fund |v 256 | |
| 520 | 3 | |a "Many countries moved toward more flexible exchange rate regimes over the past decade, which reflects in part the belief that more flexible exchange rates provide a greater degree of monetary policy autonomy and flexibility in responding to external shocks, including large and volatile capital flows. There has often been a reluctance to let go of pegged exchange rates despite the benefits of flexible rates. The extensive institutional and operational requirements needed to support a floating exchange rate as well as difficulties in assessing the right time and manner to exit tend to be additional factors in this reluctance. This paper presents the concrete steps taken by certain countries in transitioning to greater exchange rate flexibility, with a view to elaborating on the operational ingredients that proved helpful in promoting successful and durable transitions. It attempts to provide a better understanding of how these various operational ingredients were established and coordinated with the exits, how their implementation interacted with macro and other conditions, and how they contributed to the smoothness of the exits. The material in this paper was originally prepared in connection with a workshop on moving to greater exchange rate flexibility conducted in Ukraine in April 2005. The detailed case studies prepared subsequently also aimed a providing a follow-up to a discussion by the International Monetary Fund's (IMF) Executive Board in Devember 2004 on "From Fixed to Float: Operational Asoects of Moving Toward Exchange Rate Flexibility" (IMF, 2004). In concluding the discussion, Directors asked for more guidance on the sequencing and order of importance of the operational elements, backed by analysis of more specific country experiences and cross-country studies" -- pref. (v.). | |
| 650 | 4 | |a Change - Administration - Cas, Études de | |
| 650 | 7 | |a Monetaire politiek |2 gtt | |
| 650 | 4 | |a Politique monétaire - Cas, Études de | |
| 650 | 4 | |a Taux de change - Cas, Études de | |
| 650 | 7 | |a Wisselkoersen |2 gtt | |
| 650 | 4 | |a Foreign exchange administration |v Case studies | |
| 650 | 4 | |a Foreign exchange rates |v Case studies | |
| 650 | 4 | |a Monetary policy |v Case studies | |
| 655 | 7 | |0 (DE-588)4522595-3 |a Fallstudiensammlung |2 gnd-content | |
| 700 | 1 | |a Ötker-Robe, Inci |e Sonstige |4 oth | |
| 700 | 1 | |a Vávra, David |e Sonstige |4 oth | |
| 810 | 2 | |a International Monetary Fund |t Occasional paper |v 256 |w (DE-604)BV002597241 |9 256 | |
| 856 | 4 | 2 | |m HBZ Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015710567&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-015710567 | ||
Datensatz im Suchindex
| _version_ | 1804136603585609728 |
|---|---|
| adam_text | Preface v
Abbreviations vii
Part I. The Overall Framework and Synthesis of
Country Experiences
I. Overview 3
II. Country Experiences with Transition to Greater Flexibility:
Operational Aspects Underpinning Durable Exits 6
The Nature and Pace of the Exits 6
Factors that Triggered the Move to Greater Flexibility 11
Coordination of Transitions with the Supporting Elements of a
Floating Regime 11
Challenges Faced in the Transition to Greater Flexibility 25
Conclusions and Lessons from the Country Experiences 27
Part 2. Detailed Country Experiences
III. Orderly Transitions 33
Chile (1984 99) 33
Israel (1985 2005) 38
Poland (1990 2000) 44
IV. Disorderly Transitions 52
Brazil (1999) 52
Czech Republic (1996 97) 56
Uruguay (2002) 61
Appendixes
I. From Fixed to Float: Operational Ingredients of Durable Exits to
Flexible Exchange Rates 67
II. Experiences with Short Lived Exits to Greater Flexibility 72
III. Ukraine: An Example of Ongoing Cautious Steps toward Greater
Exchange Rate Flexibility 74
IV. Foreign Exchange Hedging, Complementary Markets, and the
Role of the Central Bank 76
Bibliography 80
Boxes
1. Fixed to Float: Operational Ingredients of Durable Exits to Flexible
Exchange Rates 4
2. Czech Republic: The Condition of the Financial System 59
Tables
1. Country Experiences with Transition from Pegged to Flexible Regimes:
Nature of the Exits 7
2. Country Experiences with Transition from Pegged to Flexible Regimes:
Motivation and Triggers of Exit 10
3. Extent of Preparedness for Transitioning to Greater Flexibility: Before
the Füll Float 12
4. Country Experiences with Transition from Pegged to Flexible Regimes:
Sequencing with Supporting Elements 14
5. Extent of Preparedness for Transitioning to Greater Flexibility: Before
Moving to a More Flexible Peg 29
6. Evolution of Chile s Exchange Rate Regime since 1984 34
7. Evolution of Israel s Exchange Rate Regimes, 1985 2005 40
8. Evolution of Poland s Exchange Rate Regime since 1990 46
9. Evolution of Uruguay s Exchange Rate Regime, 1990 2005 62
Figures
1. Addressing the Fear of Floating 3
2a. Exchange Rate Regime Evolutions: Gradual Orderly Exits 8
2b. Exchange Rate Regime Evolutions: Fast Disorderly Exits 9
3. Sequencing of Transitions with Supporting Elements: Gradual
Orderly Exits ]g
4. Sequencing of Transitions with Supporting Elements: Fast
Disorderly Exits 20
Appendix Box
AI. The Bank of Israel s Role in Developing Foreign Exchange and
Complementary Markets 7g
Appendix Figure
A1. Preparing for an Orderly Exit from a Peg 7q
|
| adam_txt |
Preface v
Abbreviations vii
Part I. The Overall Framework and Synthesis of
Country Experiences
I. Overview 3
II. Country Experiences with Transition to Greater Flexibility:
Operational Aspects Underpinning Durable Exits 6
The Nature and Pace of the Exits 6
Factors that Triggered the Move to Greater Flexibility 11
Coordination of Transitions with the Supporting Elements of a
Floating Regime 11
Challenges Faced in the Transition to Greater Flexibility 25
Conclusions and Lessons from the Country Experiences 27
Part 2. Detailed Country Experiences
III. Orderly Transitions 33
Chile (1984 99) 33
Israel (1985 2005) 38
Poland (1990 2000) 44
IV. Disorderly Transitions 52
Brazil (1999) 52
Czech Republic (1996 97) 56
Uruguay (2002) 61
Appendixes
I. From Fixed to Float: Operational Ingredients of Durable Exits to
Flexible Exchange Rates 67
II. Experiences with Short Lived Exits to Greater Flexibility 72
III. Ukraine: An Example of Ongoing Cautious Steps toward Greater
Exchange Rate Flexibility 74
IV. Foreign Exchange Hedging, Complementary Markets, and the
Role of the Central Bank 76
Bibliography 80
Boxes
1. Fixed to Float: Operational Ingredients of Durable Exits to Flexible
Exchange Rates 4
2. Czech Republic: The Condition of the Financial System 59
Tables
1. Country Experiences with Transition from Pegged to Flexible Regimes:
Nature of the Exits 7
2. Country Experiences with Transition from Pegged to Flexible Regimes:
Motivation and Triggers of Exit 10
3. Extent of Preparedness for Transitioning to Greater Flexibility: Before
the Füll Float 12
4. Country Experiences with Transition from Pegged to Flexible Regimes:
Sequencing with Supporting Elements 14
5. Extent of Preparedness for Transitioning to Greater Flexibility: Before
Moving to a More Flexible Peg 29
6. Evolution of Chile's Exchange Rate Regime since 1984 34
7. Evolution of Israel's Exchange Rate Regimes, 1985 2005 40
8. Evolution of Poland's Exchange Rate Regime since 1990 46
9. Evolution of Uruguay's Exchange Rate Regime, 1990 2005 62
Figures
1. Addressing the Fear of Floating 3
2a. Exchange Rate Regime Evolutions: Gradual Orderly Exits 8
2b. Exchange Rate Regime Evolutions: Fast Disorderly Exits 9
3. Sequencing of Transitions with Supporting Elements: Gradual
Orderly Exits ]g
4. Sequencing of Transitions with Supporting Elements: Fast
Disorderly Exits 20
Appendix Box
AI. The Bank of Israel's Role in Developing Foreign Exchange and
Complementary Markets 7g
Appendix Figure
A1. Preparing for an Orderly Exit from a Peg 7q |
| any_adam_object | 1 |
| any_adam_object_boolean | 1 |
| building | Verbundindex |
| bvnumber | BV022503547 |
| callnumber-first | H - Social Science |
| callnumber-label | HG3851 |
| callnumber-raw | HG3851 |
| callnumber-search | HG3851 |
| callnumber-sort | HG 43851 |
| callnumber-subject | HG - Finance |
| ctrlnum | (OCoLC)137262389 (DE-599)BVBBV022503547 |
| dewey-full | 332.4/56 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.4/56 |
| dewey-search | 332.4/56 |
| dewey-sort | 3332.4 256 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>03632nam a2200445 cb4500</leader><controlfield tag="001">BV022503547</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">070710s2007 d||| |||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781589066243</subfield><subfield code="9">978-1-58906-624-3</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)137262389</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV022503547</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-20</subfield></datafield><datafield tag="050" ind1=" " ind2="0"><subfield code="a">HG3851</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332.4/56</subfield><subfield code="2">22</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Moving to greater exchange rate flexibility</subfield><subfield code="b">operational aspects based on lessons from detailed country experiences</subfield><subfield code="c">Inci Ötker-Robe and David Vávra</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Washington, DC</subfield><subfield code="b">Internat. Monetary Fund</subfield><subfield code="c">2007</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">VII, 82 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">Occasional paper / International Monetary Fund</subfield><subfield code="v">256</subfield></datafield><datafield tag="520" ind1="3" ind2=" "><subfield code="a">"Many countries moved toward more flexible exchange rate regimes over the past decade, which reflects in part the belief that more flexible exchange rates provide a greater degree of monetary policy autonomy and flexibility in responding to external shocks, including large and volatile capital flows. There has often been a reluctance to let go of pegged exchange rates despite the benefits of flexible rates. The extensive institutional and operational requirements needed to support a floating exchange rate as well as difficulties in assessing the right time and manner to exit tend to be additional factors in this reluctance. This paper presents the concrete steps taken by certain countries in transitioning to greater exchange rate flexibility, with a view to elaborating on the operational ingredients that proved helpful in promoting successful and durable transitions. It attempts to provide a better understanding of how these various operational ingredients were established and coordinated with the exits, how their implementation interacted with macro and other conditions, and how they contributed to the smoothness of the exits. The material in this paper was originally prepared in connection with a workshop on moving to greater exchange rate flexibility conducted in Ukraine in April 2005. The detailed case studies prepared subsequently also aimed a providing a follow-up to a discussion by the International Monetary Fund's (IMF) Executive Board in Devember 2004 on "From Fixed to Float: Operational Asoects of Moving Toward Exchange Rate Flexibility" (IMF, 2004). In concluding the discussion, Directors asked for more guidance on the sequencing and order of importance of the operational elements, backed by analysis of more specific country experiences and cross-country studies" -- pref. (v.).</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Change - Administration - Cas, Études de</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Monetaire politiek</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Politique monétaire - Cas, Études de</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Taux de change - Cas, Études de</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Wisselkoersen</subfield><subfield code="2">gtt</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Foreign exchange administration</subfield><subfield code="v">Case studies</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Foreign exchange rates</subfield><subfield code="v">Case studies</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Monetary policy</subfield><subfield code="v">Case studies</subfield></datafield><datafield tag="655" ind1=" " ind2="7"><subfield code="0">(DE-588)4522595-3</subfield><subfield code="a">Fallstudiensammlung</subfield><subfield code="2">gnd-content</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Ötker-Robe, Inci</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Vávra, David</subfield><subfield code="e">Sonstige</subfield><subfield code="4">oth</subfield></datafield><datafield tag="810" ind1="2" ind2=" "><subfield code="a">International Monetary Fund</subfield><subfield code="t">Occasional paper</subfield><subfield code="v">256</subfield><subfield code="w">(DE-604)BV002597241</subfield><subfield code="9">256</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">HBZ Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015710567&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-015710567</subfield></datafield></record></collection> |
| genre | (DE-588)4522595-3 Fallstudiensammlung gnd-content |
| genre_facet | Fallstudiensammlung |
| id | DE-604.BV022503547 |
| illustrated | Illustrated |
| index_date | 2024-07-02T17:56:33Z |
| indexdate | 2024-07-09T20:59:02Z |
| institution | BVB |
| isbn | 9781589066243 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-015710567 |
| oclc_num | 137262389 |
| open_access_boolean | |
| owner | DE-20 |
| owner_facet | DE-20 |
| physical | VII, 82 S. graph. Darst. |
| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| publisher | Internat. Monetary Fund |
| record_format | marc |
| series2 | Occasional paper / International Monetary Fund |
| spelling | Moving to greater exchange rate flexibility operational aspects based on lessons from detailed country experiences Inci Ötker-Robe and David Vávra Washington, DC Internat. Monetary Fund 2007 VII, 82 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Occasional paper / International Monetary Fund 256 "Many countries moved toward more flexible exchange rate regimes over the past decade, which reflects in part the belief that more flexible exchange rates provide a greater degree of monetary policy autonomy and flexibility in responding to external shocks, including large and volatile capital flows. There has often been a reluctance to let go of pegged exchange rates despite the benefits of flexible rates. The extensive institutional and operational requirements needed to support a floating exchange rate as well as difficulties in assessing the right time and manner to exit tend to be additional factors in this reluctance. This paper presents the concrete steps taken by certain countries in transitioning to greater exchange rate flexibility, with a view to elaborating on the operational ingredients that proved helpful in promoting successful and durable transitions. It attempts to provide a better understanding of how these various operational ingredients were established and coordinated with the exits, how their implementation interacted with macro and other conditions, and how they contributed to the smoothness of the exits. The material in this paper was originally prepared in connection with a workshop on moving to greater exchange rate flexibility conducted in Ukraine in April 2005. The detailed case studies prepared subsequently also aimed a providing a follow-up to a discussion by the International Monetary Fund's (IMF) Executive Board in Devember 2004 on "From Fixed to Float: Operational Asoects of Moving Toward Exchange Rate Flexibility" (IMF, 2004). In concluding the discussion, Directors asked for more guidance on the sequencing and order of importance of the operational elements, backed by analysis of more specific country experiences and cross-country studies" -- pref. (v.). Change - Administration - Cas, Études de Monetaire politiek gtt Politique monétaire - Cas, Études de Taux de change - Cas, Études de Wisselkoersen gtt Foreign exchange administration Case studies Foreign exchange rates Case studies Monetary policy Case studies (DE-588)4522595-3 Fallstudiensammlung gnd-content Ötker-Robe, Inci Sonstige oth Vávra, David Sonstige oth International Monetary Fund Occasional paper 256 (DE-604)BV002597241 256 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015710567&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Moving to greater exchange rate flexibility operational aspects based on lessons from detailed country experiences Change - Administration - Cas, Études de Monetaire politiek gtt Politique monétaire - Cas, Études de Taux de change - Cas, Études de Wisselkoersen gtt Foreign exchange administration Case studies Foreign exchange rates Case studies Monetary policy Case studies |
| subject_GND | (DE-588)4522595-3 |
| title | Moving to greater exchange rate flexibility operational aspects based on lessons from detailed country experiences |
| title_auth | Moving to greater exchange rate flexibility operational aspects based on lessons from detailed country experiences |
| title_exact_search | Moving to greater exchange rate flexibility operational aspects based on lessons from detailed country experiences |
| title_exact_search_txtP | Moving to greater exchange rate flexibility operational aspects based on lessons from detailed country experiences |
| title_full | Moving to greater exchange rate flexibility operational aspects based on lessons from detailed country experiences Inci Ötker-Robe and David Vávra |
| title_fullStr | Moving to greater exchange rate flexibility operational aspects based on lessons from detailed country experiences Inci Ötker-Robe and David Vávra |
| title_full_unstemmed | Moving to greater exchange rate flexibility operational aspects based on lessons from detailed country experiences Inci Ötker-Robe and David Vávra |
| title_short | Moving to greater exchange rate flexibility |
| title_sort | moving to greater exchange rate flexibility operational aspects based on lessons from detailed country experiences |
| title_sub | operational aspects based on lessons from detailed country experiences |
| topic | Change - Administration - Cas, Études de Monetaire politiek gtt Politique monétaire - Cas, Études de Taux de change - Cas, Études de Wisselkoersen gtt Foreign exchange administration Case studies Foreign exchange rates Case studies Monetary policy Case studies |
| topic_facet | Change - Administration - Cas, Études de Monetaire politiek Politique monétaire - Cas, Études de Taux de change - Cas, Études de Wisselkoersen Foreign exchange administration Case studies Foreign exchange rates Case studies Monetary policy Case studies Fallstudiensammlung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=015710567&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV002597241 |
| work_keys_str_mv | AT otkerrobeinci movingtogreaterexchangerateflexibilityoperationalaspectsbasedonlessonsfromdetailedcountryexperiences AT vavradavid movingtogreaterexchangerateflexibilityoperationalaspectsbasedonlessonsfromdetailedcountryexperiences |