01869cas a2200265 a 4500 AALejournalIMF003113 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451854930 1018-5941 BD-DhAAL BD-DhAAL Fernandez, Gilda. From Fixed to Float : Operational Aspects of Moving towards Exchange Rate Flexibility / Gilda Fernandez, Cem Karacadag, Rupa Duttagupta. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (39 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 identifies the institutional and operational requisites for transitions to floating exchange rate regimes. In particular, it explores key issues underlying the transition, including developing a deep and liquid foreign exchange market, formulating intervention policies consistent with the new regime, establishing an alternative nominal anchor in the context of a new monetary policy framework, and building the capacity of market participants to manage exchange rate risks and of supervisory authorities to regulate and monitor them. It also assesses the factors that influence the pace of exit and the appropriate sequencing of exchange rate flexibility and capital account liberalization. Mode of access: Internet Duttagupta, Rupa. Karacadag, Cem. IMF Working Papers; Working Paper ; No. 2004/126 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/126/001.2004.issue-126-en.xml IMF e-Library