agreement about the appropriate role of the exchange rate.The exchange rate is a more important monetary policy tool for …-targeting emerging economies generally have less flexible exchange rate arrangements and intervene more frequently in the foreign … exchange market than their advanced economy counterparts. The enhanced role of the exchange rate reflects these economies …

-American countries, I investigate how the choice of exchange rate regime affects firms' foreign currency borrowing decisions and the … associated currency mismatches in their balance sheets. I find that after countries switch from pegged to floating exchange rate … in foreign currency and export revenues--effectively reducing their vulnerability to exchange rate shocks. More broadly …

assesses the relationship between (i) growth and various determinants, including the exchange regime, the real exchange rate … exchange rate, the exchange regime, and liberalization. We find that in our sample, for the determinants of growth, investment … and the real exchange rate are significant determinants but not the exchange regime or liberalization; and for inflation …

This paper revisits the bipolar prescription for exchange rate regime choice and asks two questions: are the poles of …

exchange rate regimes; implications of exchange rate regime choice for interaction with the rest of the system (external …

We study a wide range of hybrid inflation-targeting (IT) and managed exchange rate regimes, analyzing their … implications for inflation, output and the exchange rate in the presence of various domestic and external shocks. To this end, we … effects in the financial sector. We find that there can be advantages to combining IT with some degree of exchange rate …

This paper reviews monetary and exchange rate policies in Peru in 1930-80. The review covers major transformations to … Peruvian authorities sought to deliver nominal exchange rate stability, even at the cost of introducing market distortions and …

Many countries have moved towards more flexible exchange rate regimes over the last decade to take advantage of greater … floating exchange rate, as well as difficulties in assessing the right time and manner to exit, tend to be additional factors … exchange rate flexibility and elaborates on the operational ingredients that proved helpful in promoting successful and durable …

natural resource booms, surges in foreign aid, remittances, or capital inflows) appreciate the real exchange rate, generate … factor reallocation, and reduce manufacturing output and net exports. We also observe that real exchange rate misalignment … due to overvaluation and higher volatility of the real exchange rate lower growth. Regarding the effect of undervaluation …