Cover Exit Strategies
Exit Strategies
Policy Options for Countries Seeking Exchange Rate Flexibility
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Abstract

In a world of increasing capital mobility and broadening and more diversified trade, many (but not all) developing and transition economies are likely to find it desirable to move from relatively fixed exchange rate regimes to regimes of greater exchange rate flexibility. This paper suggests why, and considers strategies that countries may consider for such a move. It reinforces this discussion with a review of experience from teh past two decades with alternative exchange rate regimes. The paper also identifies policies that can facilitate the transition to greater exchange rate flexibility for countries that wish to pursue this option.

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Author:
Mr. Barry J. Eichengreen https://isni.org/isni/0000000404811396 International Monetary Fund

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Ms. Inci Ötker https://isni.org/isni/0000000404811396 International Monetary Fund

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Mr. A. J Hamann
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https://orcid.org/0000-0002-6363-0398
,
Mr. Esteban Jadresic
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Mr. R. B. Johnston
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Mr. Hugh Bredenkamp
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Mr. Paul R Masson
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Series:
Occasional Papers
Publisher:
International Monetary Fund
Language:
English
Publication Date:
12 Aug 1998
DOI:
https://doi.org/10.5089/9781557757340.084
ISBN:
9781557757340
ISSN:
0251-6365
Pages:
55
Keywords:
OP; policy; monetary policy; regime; policy credibility attendant; anti-inflation credibility; government policy; transition country; transition economy; Exchange rate arrangements; Exchange rates; Exchange rate flexibility; Currencies; Conventional peg; Southeast Asia; Caribbean; Central and Eastern Europe; Central America; West Africa; East Asia; Asia and Pacific
Legal-disclaimer:
The views expressed in this book are those of the authors and should not be reported as or attributed to the International Monetary Fund, its Executive Board, or the governments of any of its member countries.
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