Exchange Rate Regime Choice
Download or Read eBook Exchange Rate Regime Choice PDF written by Mr.Robert P. Flood and published by International Monetary Fund. This book was released on 1991-09-01 with total page 9 pages. Available in PDF, EPUB and Kindle.
Author | : Mr.Robert P. Flood |
Publisher | : International Monetary Fund |
Total Pages | : 9 |
Release | : 1991-09-01 |
ISBN-10 | : 9781451851328 |
ISBN-13 | : 1451851324 |
Rating | : 4/5 (28 Downloads) |
Book Synopsis Exchange Rate Regime Choice by : Mr.Robert P. Flood
Book excerpt: 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.