Exit Strategies: Policy Options for Countries Seeking Exchange Rate Flexibility
( Occasional Papers )
Publication series ： Occasional Papers
Author： Mr. Barry J. Eichengreen Ms. Inci Ötker Mr. A. Javier Hamann Mr. Esteban Jadresic Mr. R. B. Johnston Mr. Hugh Bredenkamp Mr. Paul R. Masson
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 1998
E-ISBN: 9781452706627
P-ISBN(Paperback): 9781557757340
Subject： F830.7 汇兑
Language： ENG
Disclaimer: Any content in publications that violate the sovereignty, the constitution or regulations of the PRC is not accepted or approved by CNPIEC.
Description
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.