Verifying Exchange Rate Regimes

Credibility and transparency are at the core of the current debate about exchange rate regimes. The steady growth in the magnitude and variability of international capital flows has complicated the question of whether to use floating, fixed, or intermediate exchange rate regimes. Emerging market eco...

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Bibliographic Details
Main Authors:	Frankel, Jeffrey, Fajnzylber, Eduardo, Schmukler, Sergio L., Servén, Luis
Format:	Publications & Research
Language:	en_US
Published:	World Bank, Washington, DC 2015
Subjects:	basket of currencies basket of currency peg basket of goods bilateral trade capital flows capital inflows capital mobility central bank central banks crawling peg crawling pegs credibility currency board currency boards currency exchange currency exchange rates currency unions debt deutsche mark devaluation developing countries emerging countries emerging markets exchange rate exchange rate determination exchange rate policy exchange rate regime exchange rate stability expected value financial markets fixed exchange rate fixed exchange rates floating exchange rate floating exchange rates foreign currency foreign exchange foreign exchange markets foreign exchange reserves future research GDP indexation inflation rates interest rates intermediate regimes international capital flows international investors international monetary economics international monetary fund japanese yen macroeconomics monetary authorities monetary economics monetary policy monetary regime monetary union nominal anchor numeraire output pegs policy research political instability random walk reserves simulations spot exchange rates statistical inference swiss francs target zones time series trade balance unemployment verification measures volatility wages
Online Access:	http://hdl.handle.net/10986/21405

Internet

http://hdl.handle.net/10986/21405

Verifying Exchange Rate Regimes

Internet

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