Exchange Rate Management and Crisis Susceptibility : A Reassessment /

This paper revisits the bipolar prescription for exchange rate regime choice and asks two questions: are the poles of hard pegs and pure floats still safer than the middle? And where to draw the line between safe floats and risky intermediate regimes? Our findings, based on a sample of 50 EMEs over...

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Bibliographic Details
Main Author: Ghosh, Atish
Other Authors: Ostry, Jonathan, Qureshi, Mahvash
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2014.
Series:IMF Working Papers; Working Paper ; No. 2014/011
Online Access:Full text available on IMF