Fixed or Flexible? Getting the Exchange Rate Right in the 1990s
April 17, 1998
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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
Pages:
25
Volume:
1998
DOI:
Issue:
002
Series:
Economic Issues No. 1998/002
Stock No:
EIIEA0131996
ISBN:
9781455220038
ISSN:
1020-5098
