Where Do We Stand On Choosing Exchange Rate Regimes in Developing and Emerging Economies?
AbstractIn the midst of a lively debate about international monetary reform at the beginning of the twenty-first century, there seemed to be a broad consensus about exchange rate policy in developing and emerging economies; that they should opt for one of the extremes in the form of either firm fixity or free flexibility. Intermediate solutions were ruled out. However, dissenting voices remained and have become more audible. This paper reviews the underlying theoretical issues and draws on case study experience to see whether clear conclusions emerge. The investigation shows that the choice of exchange rate regime continues to involve a careful weighing up of opposing arguments. It may therefore be unwise for the IMF to adopt the â€˜consensusâ€™ view. A more subtle made-to-measure approach is needed.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by World Economics, Economic & Financial Publishing, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE in its journal World Economics Journal.
Volume (Year): 3 (2002)
Issue (Month): 1 (January)
Contact details of provider:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Bird, Graham & Mandilaras, Alex, 2006. "Regional heterogeneity in the relationship between fiscal imbalances and foreign exchange market pressure," World Development, Elsevier, vol. 34(7), pages 1171-1181, July.
- Graham Bird & Dane Rowlands, 2005. "Bi-Polar Disorder: Exchange Rate Regimes, Economic Crises and the IMF," School of Economics Discussion Papers 0705, School of Economics, University of Surrey.
- Bird, Graham & Rowlands, Dane, 2009. "Exchange Rate Regimes in Developing and Emerging Economies and the Incidence of IMF Programs," World Development, Elsevier, vol. 37(12), pages 1839-1848, December.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ed Jones).
If references are entirely missing, you can add them using this form.