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 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.
Publication date: April 1998
ISBN: 9781557756923
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Money and Monetary Policy , exchange rate , capital inflows , exchange rates , flexible exchange rate , exchange rate arrangements

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