Exchange Rate Arrangements for the Emerging Market Economies
by: Felipe Larraín and Andrés Velasco
1999, 48 pages
Type: Occasional Paper [60]
ISBN: 1-56708-110-X
Price: $10.00
Keywords: Exchange Rate, Emerging Market
This paper reviews the recent performance of alternative exchange rate arrangements in emerging markets, examines the concrete circumstances under which either a fixed or floating rate regime should be adopted, studies how to make flexibility work in practice, and focuses on the possible role of capital controls as a complementary policy.
