Series: Economic Issues
Author(s): Cem Karacadag , Gilda Fernandez , and Rupa Duttagupta
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 14 September 2006
Keywords: exchange rate, foreign exchange, inflation, foreign currency, foreign exchange market, monetary policy, exchange rate flexibility, exchange rate risk, exchange rate regime, flexible exchange rate
A growing number of countries are adopting flexible exchange rate regimes because flexibility offers more protection against external shocks and greater monetary independence. Other countries have made the transiti...