Exchange Rate Regime Choice in Historical Perspective
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Summary:
In this paper, I survey the issue of exchange rate regime choice from the perspective of both the industrial and emerging economies taking an historical perspective. I first survey the theoretical issues beginning with a taxonomy of regimes. I then examine the empirical evidence on the delineation of regimes and their macroeconomic performance. The penultimate section provides a brief history of monetary regimes in industrial and emerging economies. The conclusion considers the case for a managed float regime for today's emerging economies.
Series:
Working Paper No. 2003/160
Subject:
Commodities Conventional peg Currency boards Exchange rate arrangements Exchange rates Foreign exchange Gold
English
Publication Date:
August 1, 2003
ISBN/ISSN:
9781451857764/1018-5941
Stock No:
WPIEA1602003
Pages:
28
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