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Fixed or flexible? [electronic resource] : getting the exchange rate right in the 1990s / Francesco Caramazza and Jahangir Aziz.

By: Caramazza, Francesco.
Contributor(s): Aziz, Jahangir.
Material type: TextTextSeries: Economic issues (International Monetary Fund): 13.Publisher: Washington D.C. : International Monetary Fund, [1998]Description: 1 online resource (iii, 18 p.) : ill.ISBN: 9781463984151 (electronic bk.); 1463984154 (electronic bk.).Subject(s): Foreign exchange rates | Cambio de moneda -- Administraci�on | Politique gouvernementale | Politique mon�etaire | Taux de change | Pays en d�eveloppement | BUSINESS & ECONOMICS / Foreign ExchangeGenre/Form: Electronic books.Additional physical formats: Print version:: Fixed or flexible?.DDC classification: 332.456 Online resources: EBSCOhost Summary: This paper examines the recent evolution of exchange rate policies in the developing world. It looks at why so many countries have made the transition from fixed or pegged exchange rates to managed floating or independently floating currencies. It discusses how economies perform under different exchange rate arrangements, issues in the choice of regime, and the challenges posed by a world of increasing capital mobility, especially when banking sectors are inadequately regulated or supervised.
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This paper examines the recent evolution of exchange rate policies in the developing world. It looks at why so many countries have made the transition from fixed or pegged exchange rates to managed floating or independently floating currencies. It discusses how economies perform under different exchange rate arrangements, issues in the choice of regime, and the challenges posed by a world of increasing capital mobility, especially when banking sectors are inadequately regulated or supervised.

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