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Exchange Rate Regimes

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  • Vijay Joshi

Abstract

This paper argues that (a) for many developing countries, the optimal external payments regime would be a combination of an intermediate exchange rate with capital controls and (b) the policy stance and advice of the IMF should reflect this judgement. The paper uses India as a case study to illustrate its argument.

Suggested Citation

  • Vijay Joshi, 2003. "Exchange Rate Regimes," World Economics, World Economics, 1 Ivory Square, Plantation Wharf, London, United Kingdom, SW11 3UE, vol. 4(4), pages 15-36, October.
    • Handle: RePEc:wej:wldecn:156
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    File URL: https://www.worldeconomics.com/Journal/Papers/Article.details?ID=156
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