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

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...

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Bibliografski detalji
Glavni autor: Aziz, Jahangir
Daljnji autori: Caramazza, Francesco
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 1998.
Serija:Economic Issues; Economic Issues ; No. 1998/002
Online pristup:Full text available on IMF
Opis
Sažetak: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.
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Opis:1 online resource (25 pages)
Format:Mode of access: Internet
ISSN:1020-5098
Pristup:Electronic access restricted to authorized BRAC University faculty, staff and students