Evolution and Performance of Exchange Rate Regimes

Evolution and Performance of Exchange Rate Regimes
Author: Mr.Kenneth Rogoff
Publisher: International Monetary Fund
Total Pages: 85
Release: 2003-12-01
Genre: Business & Economics
ISBN: 1451875843


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Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that countries will tend over time to move to the polar extremes of free float or rigid peg. Rather, intermediate regimes have shown remarkable durability. The analysis suggests that as economies mature, the value of exchange rate flexibility rises. For countries at a relatively early stage of financial development and integration, fixed or relatively rigid regimes appear to offer some anti-inflation credibility gain without compromising growth objectives. As countries develop economically and institutionally, there appear to be considerable benefits to more flexible regimes. For developed countries that are not in a currency union, relatively flexible exchange rate regimes appear to offer higher growth without any cost in credibility.


Evolution and Performance of Exchange Rate Regimes
Language: en
Pages: 85
Authors: Mr.Kenneth Rogoff
Categories: Business & Economics
Type: BOOK - Published: 2003-12-01 - Publisher: International Monetary Fund

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Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that countries will tend over tim
Evolution and Performance of Exchange Rate Regimes
Language: en
Pages: 90
Authors: Kenneth S. Rogoff
Categories: Business & Economics
Type: BOOK - Published: 2003 - Publisher: International Monetary Fund

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"This study assesses the historical durability and performance of alternative exchange rate regimes, with special focus on developing and emerging market countr
Evolution and Performance of Exchange Rate Regimes
Language: en
Pages: 84
Authors: Kenneth Rogoff
Categories:
Type: BOOK - Published: 2006 - Publisher:

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Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that countries will tend over tim
Exchange Rate Regimes
Language: en
Pages: 252
Authors: Atish R. Ghosh
Categories: Business & Economics
Type: BOOK - Published: 2002 - Publisher: MIT Press

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An empirical study of exchange rate regimes based on data compiled from 150 member countries of the International Monetary Fund over the past thirty years. Few
Exchange Rate Regime Choice in Historical Perspective
Language: en
Pages: 29
Authors: Michael D. Bordo
Categories: Business & Economics
Type: BOOK - Published: 2003-08-01 - Publisher: International Monetary Fund

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In this paper, I survey the issue of exchange rate regime choice from the perspective of both the industrial and emerging economies taking an historical perspec