Abstract
Exchange rate regimes can be represented on a spectrum that constitutes hard pegs (currency union, dollarization, currency board), conventional fixed peg, intermediate regimes (band, basket peg, and crawling peg), managed floating, and independent floating according to the degree of fixity of exchange rates.
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References
Calvo, G. and C. M. Reinhart, 2002, “Fear of Floating,” Quarterly Journal of Economics 117(2), May: 379–408.
Eichengreen, B. and R. Hausmann, 1999, “Exchange Rates and Financial Fragility,” NBER Working Paper No. 7418, November.
McKinnon, R. and G. Schnabl, 2003. “Synchronized Business Cycles in East Asia and Fluctuations in the Yen/Dollar Exchange Rate,” The World Economy, 26 (8): 1067–88.
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© 2007 Institute of Developing Economies (IDE), JETRO
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Mitsuo, H. (2007). Introduction: New Developments of the Exchange Rate Regimes in Developing Countries. In: Mitsuo, H. (eds) New Developments of the Exchange Rate Regimes in Developing Countries. IDE-JETRO Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230625556_1
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DOI: https://doi.org/10.1057/9780230625556_1
Publisher Name: Palgrave Macmillan, London
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