To float or not to float? exchange rate regimes and shocks

Recent research has reconsidered the stabilization properties of a flexible exchange rate regime when exchange rate movements affect financial conditions, and these, in turn, influence economic activity. This Economic Letter summarizes some of the findings of these studies and their policy prescriptions for the choice of the exchange rate regime.

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Year of publication:	2005
Authors:	Cavallo, Michele
Published in:	FRBSF Economic Letter. - Federal Reserve Bank of San Francisco. - 2005, 01
Publisher:	Federal Reserve Bank of San Francisco
Subject:	Foreign exchange rates

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Extent:	text/html application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005490483