Exchange Rate Regime Choice [electronic resource] / Nancy P Marion.
Material type:
TextSeries: IMF Working Papers; Working Paper ; No. 91/90Publication details: Washington, D.C. : International Monetary Fund, 1991Description: 1 online resource (9 p.)ISBN: 1451851324 :ISSN: 1018-5941Subject(s): Exchange Rate Regime | Exchange Rate | Exchange Rates | Flexible Exchange Rates | Brazil | Germany | Japan | United StatesAdditional physical formats: Print Version:: Exchange Rate Regime ChoiceOnline resources: IMF e-Library | IMF Book Store Abstract: Traditionally the choice of exchange rate regime has been seen as a second-best policy choice, which can be directed toward mitigating the distortionary effects of price or information rigidities. In this paradigm the optimal degree of exchange rate flexibility is found to depend of the source and nature of shocks hitting an economy. More recent literature views the exchange rate as a widely and frequently seen manifestation of government policy with careful exchange-rate management emerging as a tool that can enhance shaky policy credibility.
Traditionally the choice of exchange rate regime has been seen as a second-best policy choice, which can be directed toward mitigating the distortionary effects of price or information rigidities. In this paradigm the optimal degree of exchange rate flexibility is found to depend of the source and nature of shocks hitting an economy. More recent literature views the exchange rate as a widely and frequently seen manifestation of government policy with careful exchange-rate management emerging as a tool that can enhance shaky policy credibility.
Description based on print version record.
There are no comments on this title.