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Sustaining Fixed Exchange Rates

Sustaining Fixed Exchange Rates »

Source: Sustaining Fixed Exchange Rates : A Model with Debt and Institutions

Volume/Issue: 2001/27

Series: IMF Working Papers

Author(s): Alexander Pitt


Publication Date: 01 March 2001

ISBN: 9781451844528

Keywords: currency attacks, competition policy, financial supervision, exchange rate, capital inflows, fixed exchange rate, capital stock, capital account liberalization, Economic History: Financial Markets and Institutions: General, International

Fixed exchange rate regimes have come into disrepute, as their defense has become all but impossible. Yet, while a determined attack on a currency cannot be prevented or, ultimately, withstood, policies can reduce...