From Fixed to Float : Operational Aspects of Moving towards Exchange Rate Flexibility /

This paper identifies the institutional and operational requisites for transitions to floating exchange rate regimes. In particular, it explores key issues underlying the transition, including developing a deep and liquid foreign exchange market, formulating intervention policies consistent with the...

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Bibliographic Details
Main Author: Fernandez, Gilda
Other Authors: Duttagupta, Rupa, Karacadag, Cem
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2004.
Series:IMF Working Papers; Working Paper ; No. 2004/126
Online Access:Full text available on IMF
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245 1 0 |a From Fixed to Float :   |b Operational Aspects of Moving towards Exchange Rate Flexibility /  |c Gilda Fernandez, Cem Karacadag, Rupa Duttagupta. 
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490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a This paper identifies the institutional and operational requisites for transitions to floating exchange rate regimes. In particular, it explores key issues underlying the transition, including developing a deep and liquid foreign exchange market, formulating intervention policies consistent with the new regime, establishing an alternative nominal anchor in the context of a new monetary policy framework, and building the capacity of market participants to manage exchange rate risks and of supervisory authorities to regulate and monitor them. It also assesses the factors that influence the pace of exit and the appropriate sequencing of exchange rate flexibility and capital account liberalization. 
538 |a Mode of access: Internet 
700 1 |a Duttagupta, Rupa. 
700 1 |a Karacadag, Cem. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2004/126 
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