Cover Moving to a Flexible Exchange Rate
Moving to a Flexible Exchange Rate
How, When, and How Fast?
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Abstract

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 transition under disorderly conditions, with the sharp depreciation of their currency during a crisis. Regardless of the reason for adopting a flexible exchange rate, a successful transition depends on the effective management of a number of institutional and operational issues. The authors of this Economic Issue describe the necessary ingredients for moving to a flexible regime, as well as the optimal pace and sequencing under different conditions.

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Author:
Rupa Duttagupta https://isni.org/isni/0000000404811396 International Monetary Fund

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,
Mr. Cem Karacadag
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, and
Mrs. Gilda C Fernandez
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Series:
Economic Issues
Publisher:
International Monetary Fund
Language:
Chinese
Publication Date:
14 Sep 2006
DOI:
https://doi.org/10.5089/9781589065420.051
ISBN:
9781589065420
ISSN:
1020-8399
Pages:
24
Keywords:
EI; foreign exchange; central bank intervention; exchange rate regime; market; inflation targeting
Legal-disclaimer:
The views expressed here are those of the author(s) of this Economic Issues publication or of the original source materials and should not be attributed to or reported as representing the views of the International Monetary Fund, its Executive Board, or the governments of any IMF members.
Content-disclaimer:
This publication is available in PDF format only.
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