02005cas a2200253 a 4500 AALejournalIMF002739 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451875317 1018-5941 BD-DhAAL BD-DhAAL Bubula, Andrea. Are Pegged and Intermediate Regimes More Crisis Prone? / Andrea Bubula, Inci Otker. Washington, D.C. : International Monetary Fund, 2003. 1 online resource (36 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper provides evidence on the susceptibility of different types of exchange rate regimes to currency crises during 1990-2001. It explores the incidence of crises, identified as episodes of severe exchange market pressure, to seek evidence on whether pegged regimes are more crisis prone than floating regimes and on whether certain types of pegged regimes are more crisis prone than others. The paper finds that pegged regimes, as a whole, have been characterized by a higher incidence of crises than floating regimes, for countries that are more integrated with international capital markets; and that intermediate regimes (mainly soft pegs and tightly-managed floating regimes) have been more crisis prone than both hard pegs and other floating regimes-a view consistent with the bipolar view of exchange rate regimes. The degree of crisis proneness seems to be broadly similar across different types of intermediate regimes. Mode of access: Internet Otker, Inci. IMF Working Papers; Working Paper ; No. 2003/223 Full text available on IMF http://elibrary.imf.org/view/journals/001/2003/223/001.2003.issue-223-en.xml IMF e-Library