Fixed or Flexible : Getting the Exchange Rate Right in the 1990s.

This paper examines the recent evolution of exchange rate policies inthe 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 economies perform under different exchangera...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1998.
Series:Economic Issues; Economic Issues ; No. 1998/003
Online Access:Full text available on IMF
Description
Summary:This paper examines the recent evolution of exchange rate policies inthe 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 economies perform under different exchangerate arrangements, issues in the choice of regime, and the challenges poised by a world of increasing capital mobility, especially when bankingsectors are inadequately regulated or supervised.
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Physical Description:1 online resource (25 pages)
Format:Mode of access: Internet
ISSN:1020-5098
Access:Electronic access restricted to authorized BRAC University faculty, staff and students