Floating Exchange Rates in Developing Countries: Experience with Auction and Interbank Markets
May 15, 1987
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In recent years, an increasing number of developing countries have adopted market-determined floating exchange rates. This development has represented a significant step forward in the evolution toward exchange rate flexibility that has taken place in the developing country group since the adoption of generalized floating by industrial countries in 1973.
Subject: Currency markets, Exchange rate arrangements, Exchange rates, Financial markets, Floating exchange rates, Foreign exchange
Keywords: Africa, Currency markets, exchange arrangement, exchange market arrangement, exchange rate, Exchange rate arrangements, exchange rate system, Exchange rates, exchange transaction, Floating exchange rates, market, market-determined floating exchange rates, Middle East, OP, rate
Pages:
48
Volume:
1987
DOI:
Issue:
004
Series:
Occasional Paper No. 1987/004
Stock No:
S053EA0000000
ISBN:
9780939934898
ISSN:
0251-6365
