Issues of Openness and Flexibility for Foreign Exchange Systems [electronic resource]
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TextSeries: IMF Working Papers; Working Paper ; No. 89/3Publication details: Washington, D.C. : International Monetary Fund, 1989Description: 1 online resource (36 p.)ISBN: 1451930550 :ISSN: 1018-5941Subject(s): Exchange Rate Regime | Exchange Rate Regimes | Exchange Rate | Exchange Rates | Foreign Exchange | Antigua and Barbuda | Bhutan | Dominican Republic | Guinea | Hong Kong Special Administrative Region of ChinaAdditional physical formats: Print Version:: Issues of Openness and Flexibility for Foreign Exchange SystemsOnline resources: IMF e-Library | IMF Book Store Abstract: This paper surveys briefly the main issues for official management of foreign exchange, including the choice of exchange rate regime and exchange and trade restrictive systems. It concludes by identifying the main forms of arrangements that have demonstrated their merits and practicability for developing countries in recent years, including auction and interbank exchange markets, market-based forward exchange rates, import license auctions, open general import licensing, and liberalized capital controls.
This paper surveys briefly the main issues for official management of foreign exchange, including the choice of exchange rate regime and exchange and trade restrictive systems. It concludes by identifying the main forms of arrangements that have demonstrated their merits and practicability for developing countries in recent years, including auction and interbank exchange markets, market-based forward exchange rates, import license auctions, open general import licensing, and liberalized capital controls.
Description based on print version record.
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