Floating Exchange Rates in Developing Countries : Experience with Auction and Interbank Markets

Floating Exchange Rates in Developing Countries : Experience with Auction and Interbank Markets
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Series:
Occasional Papers
Author(s):
Kyong Huh, Benedicte Christensen, Peter Quirk, and Toshihiko Sasaki
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
May 1987
DOI:
http://dx.doi.org/10.5089/9780939934898.084
ISBN:
9780939934898
ISSN:
0251-6365
Page:
48
In recent years, an increasing number of developing countries have adopted market-determined floating exchange rates. This development has represented a significant step forward in the evolution toward exchange rate flexibility that has taken place in the developing country group since the adoption of generalized floating by industrial countries in 1973.
Chapter

II Experience with Instituting and Operating Market Arrangements for an Independent Float

Author(s):
Kyong Huh, Benedicte Christensen, Peter Quirk, and Toshihiko Sasaki
Published Date:
May 1987
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