Are Emerging Market Countries Learning to Float? /

The paper finds that exchange rate flexibility in emerging market countries has increased over the past decade. This "learning to float" appears to have involved a strengthening of monetary and financial policy frameworks aimed at directly addressing the key vulnerabilities that give rise...

Full description

Bibliographic Details
Main Author: Hakura, Dalia
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2005.
Series:IMF Working Papers; Working Paper ; No. 2005/098
Online Access:Full text available on IMF
LEADER 01553cas a2200241 a 4500
001 AALejournalIMF003572
008 230101c9999 xx r poo 0 0eng d
020 |c 5.00 USD 
020 |z 9781451861174 
022 |a 1018-5941 
040 |a BD-DhAAL  |c BD-DhAAL 
100 1 |a Hakura, Dalia. 
245 1 0 |a Are Emerging Market Countries Learning to Float? /  |c Dalia Hakura. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2005. 
300 |a 1 online resource (34 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The paper finds that exchange rate flexibility in emerging market countries has increased over the past decade. This "learning to float" appears to have involved a strengthening of monetary and financial policy frameworks aimed at directly addressing the key vulnerabilities that give rise to the "fear of floating." The results in the paper suggest that the trend toward greater exchange rate flexibility, alongside a strengthening of banking supervision, has afforded emerging market countries more monetary policy independence. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2005/098 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2005/098/001.2005.issue-098-en.xml  |z IMF e-Library