The Functioning of Floating Exchange Rates
Title | The Functioning of Floating Exchange Rates PDF eBook |
Author | David Bigman |
Publisher | Cambridge, Mass. : Ballinger |
Pages | 460 |
Release | 1980 |
Genre | Business & Economics |
ISBN |
How Well are Fluctuating Exchange Rates Working?
Title | How Well are Fluctuating Exchange Rates Working? PDF eBook |
Author | United States. Congress. Joint Economic Committee. Subcommittee on International Economics |
Publisher | |
Pages | 16 |
Release | 1973 |
Genre | Foreign exchange rates |
ISBN |
From Fixed to Float
Title | From Fixed to Float PDF eBook |
Author | Mrs.Gilda Fernandez |
Publisher | International Monetary Fund |
Pages | 40 |
Release | 2004-07-01 |
Genre | Business & Economics |
ISBN | 1451854935 |
This paper identifies the institutional and operational requisites for transitions to floating exchange rate regimes. In particular, it explores key issues underlying the transition, including developing a deep and liquid foreign exchange market, formulating intervention policies consistent with the new regime, establishing an alternative nominal anchor in the context of a new monetary policy framework, and building the capacity of market participants to manage exchange rate risks and of supervisory authorities to regulate and monitor them. It also assesses the factors that influence the pace of exit and the appropriate sequencing of exchange rate flexibility and capital account liberalization.
Floating Exchange Rates
Title | Floating Exchange Rates PDF eBook |
Author | Ronald MacDonald |
Publisher | Allen & Unwin Australia |
Pages | 344 |
Release | 1988 |
Genre | Business & Economics |
ISBN |
Floating Exchange Rates and the State of World Trade and Payments
Title | Floating Exchange Rates and the State of World Trade and Payments PDF eBook |
Author | David Bigman |
Publisher | Beard Books |
Pages | 356 |
Release | 2003-03 |
Genre | Business & Economics |
ISBN | 9781587981296 |
Analyzes developments in the international monetary system since 1973, with anew added epilogue.
No Pain, All Gain? Exchange Rate Flexibility and the Expenditure-Switching Effect
Title | No Pain, All Gain? Exchange Rate Flexibility and the Expenditure-Switching Effect PDF eBook |
Author | Mr.Yan Carriere-Swallow |
Publisher | International Monetary Fund |
Pages | 30 |
Release | 2018-10-01 |
Genre | Business & Economics |
ISBN | 1484379373 |
Theoretical models on the relationship between prices and exchange rates predict that the magnitude of expenditure switching affects the optimal choice of exchange rate regime. Focusing on the transmission of terms-of-trade shocks to domestic real variables we document that the magnitude of the expenditure switching effect is positively associated to the degree of exchange rate flexibility. Moreover, results show that flexible exchange rates allow for significant adjustment in relative prices, which in turn lowers the burden of adjustment on demand for domestic goods and, in some cases, facilitates a faster and more durable external adjustment process. These results, which are robust to accounting for possible non-linearities due to balance sheet effects or currency mismatches, shed new light on the shock absorbing properties of flexible exchange rates.
Moving to a Flexible Exchange Rate
Title | Moving to a Flexible Exchange Rate PDF eBook |
Author | Mrs.Gilda Fernandez |
Publisher | International Monetary Fund |
Pages | 29 |
Release | 2006-01-09 |
Genre | Business & Economics |
ISBN | 1589064763 |
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.