## Characteristics of a Successful Exchange Rate System

_Occasional Papers, June 15, 1991_

## Source details

**Canonical URL:** [Characteristics of a Successful Exchange Rate System](https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/characteristics-of-a-successful-exchange-rate-system-274)

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## Bibliographic details
- Authors: Paul R Masson, Morris Goldstein, Jacob A. Frenkel
- Published: June 15, 1991
- Series: Occasional Papers
- Volume: 1991
- Issue: 013
- Pages: 45
- Stock No: S082EA0000000
- ISBN: 9781557752154
- ISSN: 0251-6365

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### Summary
- This study identifies the key characteristics of a successful exchange rate system.
- It focuses on regimes in the industrial countries and consider the implications for the operation of the international monetary system.

### Authors and Publication
- By Paul R Masson, Morris Goldstein, Jacob A. Frenkel
- June 15, 1991
- Series: Occasional Paper No. 1991/013
- Issue: 013

### Key findings and focus areas
- Identifies key characteristics of a successful exchange rate system.
- Focuses on:
  - regimes in the industrial countries
  - implications for the operation of the international monetary system

### Subjects
- Balance of payments
- Conventional peg
- Current account
- Current account imbalances
- Exchange rates
- Foreign exchange
- International monetary system
- Managed exchange rates
- Money
- Price stabilization
- Prices
- Real effective exchange rates
- Real exchange rates

### Keywords
- Asia and Pacific
- Australia and New Zealand
- Conventional peg
- Current account
- Current account imbalances
- current account position
- Europe
- exchange rate commitment
- exchange rate system
- Exchange rates
- Global
- International monetary system
- Managed exchange rates
- monetary policy
- OP
- policy
- policy coordination
- Price stabilization
- Real exchange rates
- SDR shrink
- Southeast Asia

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_Source: https://www.imf.org/en/publications/occasional-papers/issues/2016/12/30/characteristics-of-a-successful-exchange-rate-system-274_