IDEAS home Printed from
   My bibliography  Save this book

The Choice of Exchange Rate Regime


  • Tony Latter


This Handbook examines the role of the exchange rate in monetary policy and the factors which may determine the choice of regime, in the spectrum from free floating to indefinite fixing, or even surrendering one’s own currency. The role of official intervention in the exchange market is reviewed, as is the case for and against controls on foreign exchange transactions. Here and there, examples of the experience of particular countries are quoted. Some of these may, in time, be overtaken by events, but the basic analysis presented here should, it is hoped, remain valid. No attempt is made to offer policy prescriptions for individual countries, either in general or specific terms. The Handbook will have served its purpose if it assists those who are responsible for such decisions to reach them with confidence. This handbook is also available in Russian and Spanish.

Suggested Citation

  • Tony Latter, 1996. "The Choice of Exchange Rate Regime," Handbooks, Centre for Central Banking Studies, Bank of England, number 2.
  • Handle: RePEc:ccb:hbooks:2

    Download full text from publisher

    File URL:
    File Function: English version
    Download Restriction: no

    File URL:
    File Function: Spanish version
    Download Restriction: no

    File URL:
    File Function: Russian version
    Download Restriction: no

    More about this item


    Exchange rate; regime;

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions


    Access and download statistics


    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:ccb:hbooks:2. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Maria Brady). General contact details of provider: .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.