Economic Issues

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

By Jahangir Aziz, Francesco Caramazza

April 17, 1998

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Jahangir Aziz, and Francesco Caramazza. Fixed or Flexible? Getting the Exchange Rate Right in the 1990s, (USA: International Monetary Fund, 1998) accessed October 13, 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:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Economic Issues No. 1998/002

  • Stock No:

    EIIEA0131996

  • ISBN:

    9781455220038

  • ISSN:

    1020-5098