Fixed or Flexible? Getting the Exchange Rate Right in the 1990s
AbstractThis paper examines the recent evolution of exchange rate policies in the developing world. It looks at why so many countries have made a transition from fixed or "pegged" exchange rates to "managed floating" currencies. It discusses how economics perform under different exchange rate arrangements, issues in the choice of regime, and the challenges poised by a world or increasing capital mobility, especially when banking sectors are inadequately regulated or supervised.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Economic Issues with number 13.
Date of creation: 17 Apr 1998
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-07-04 (All new papers)
- NEP-CBA-2002-07-04 (Central Banking)
- NEP-HIS-2000-01-24 (Business, Economic & Financial History)
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