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

April 17, 1998

Preview Citation

Format: Chicago

Jahangir Aziz, and Francesco Caramazza. Fixed or Flexible? Getting the Exchange Rate Right in the 1990s, (USA: International Monetary Fund, 1998) accessed November 8, 2024

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.

Subject: Conventional peg, Currencies, Exchange rate arrangements, Exchange rate flexibility, Exchange rates, Foreign exchange, Money

Keywords: Can exchange rate flexibility, Conventional peg, Currencies, Currency market turmoil, EI, Exchange rate, Exchange rate appreciation, Exchange rate arrangement, Exchange rate arrangements, Exchange rate flexibility, Exchange rate need, Exchange rate volatility, Exchange rates, Rate, Single currency, Turmoil in Southeast Asia, Western Hemisphere

Publication Details

Pages:

25
Volume:

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DOI:

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Issue:

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Series:

Economic Issues No. 1998/002
Stock No:

EIIEA0131996
ISBN:

9781455220038
ISSN:

1020-5098

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