Fixed or flexible?: getting the exchange rate right in the 1990s

This paper examines the recent evolution of exchange rate policies inthe 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 economies perform un...

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Hauptverfasser: Caramazza, Francesco (VerfasserIn), Aziz, Jahangir (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, D.C. International Monetary Fund 1998
Schriftenreihe:Economic Issues 13
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Zusammenfassung:This paper examines the recent evolution of exchange rate policies inthe 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 economies perform under different exchangerate arrangements, issues in the choice of regime, and the challenges poised by a world of increasing capital mobility, especially when bankingsectors are inadequately regulated or supervised
Beschreibung:1 Online-Ressource (III, 18 Seiten)
ISBN:9781463984151
1463984154
ISSN:1020-5098

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