IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-00681-6_16.html
   My bibliography  Save this book chapter

Managed Flexibility

In: The Case against Floating Exchanges

Author

Listed:
  • Paul Einzig

Abstract

According to one of the suggested formulas of flexibility, which does not go as far as the system of floating exchanges, fixed parities should be maintained in theory but should be changed much more frequently in practice. Exchange rates could be adjusted to their ever-changing equilibrium levels whenever disequilibrium causes or threatens to cause major difficulties. Although exchanges would not be allowed to find their own level, they would be adapted in frequent intervals to what the authorities consider — rightly or wrongly — to be their trade equilibrium level.

Suggested Citation

  • Paul Einzig, 1970. "Managed Flexibility," Palgrave Macmillan Books, in: The Case against Floating Exchanges, chapter 0, pages 154-158, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-00681-6_16
    DOI: 10.1007/978-1-349-00681-6_16
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-00681-6_16. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.