Cover IMF Working Papers
Issues of Openness and Flexibility for Foreign Exchange Systems
Author:
International Monetary Fund
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Series:
IMF Working Papers
Volume/Issue:
Volume 1989: Issue 003
Language:
English
Publication Date:
01 Jan 1989
DOI:
https://doi.org/10.5089/9781451930559.001
ISBN:
9781451930559
ISSN:
1018-5941
Pages:
36
Keywords:
WP; exchange rate; market; developing country; single currency; exchange rate regime; free market; auction market; resource allocation; market pressure; interbank exchange market; consumer goods; using auction; exchange reform; market system; nominal exchange rate; overvalued exchange rate; Exchange rates; Exchange rate arrangements; Currencies; Imports; Middle East; East Africa; Central Africa; Global
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper surveys briefly the main issues for official management of foreign exchange, including the choice of exchange rate regime and exchange and trade restrictive systems. It concludes by identifying the main forms of arrangements that have demonstrated their merits and practicability for developing countries in recent years, including auction and interbank exchange markets, market-based forward exchange rates, import license auctions, open general import licensing, and liberalized capital controls.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund
Volume 1989: Issue 003