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  • Search: subject_exact:"Flexible exchange rate"
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Year of publication
Subject
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Flexibler Wechselkurs 1,496 Flexible exchange rate 1,313 Wechselkurspolitik 487 Theorie 480 Theory 475 Exchange rate policy 464 Wechselkurs 414 Exchange rate regime 407 Wechselkurssystem 407 Exchange rate 360 Geldpolitik 320 Monetary policy 309 flexible exchange rate 274 Welt 240 World 240 exchange rate 223 foreign exchange 201 exchange rate regime 200 nominal exchange rate 177 real exchange rate 175 exchange rates 172 Fester Wechselkurs 157 exchange rate policy 153 Fixed exchange rate 145 exchange rate flexibility 142 fixed exchange rate 139 effective exchange rate 131 flexible exchange rate regime 125 foreign exchange market 124 real effective exchange rate 123 Inflation targeting 115 Devisenkurs 113 current account balance 109 exchange rate regimes 109 exchange rate volatility 109 USA 106 Schätzung 104 United States 104 Estimation 102 Inflationssteuerung 100
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Online availability
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Free 747 Undetermined 117
Type of publication
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Book / Working Paper 1,183 Article 588 Journal 2
Type of publication (narrower categories)
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Article in journal 448 Aufsatz in Zeitschrift 448 Working Paper 339 Arbeitspapier 336 Graue Literatur 322 Non-commercial literature 322 Aufsatz im Buch 115 Book section 115 Hochschulschrift 74 Thesis 39 Dissertation u.a. Prüfungsschriften 37 Konferenzschrift 12 Aufsatzsammlung 11 Bibliografie enthalten 10 Bibliography included 10 Amtsdruckschrift 9 Government document 9 Collection of articles of several authors 8 Sammelwerk 8 Rezension 6 Collection of articles written by one author 4 Festschrift 4 Sammlung 4 Conference paper 3 Konferenzbeitrag 3 Interview 2 Systematic review 2 Übersichtsarbeit 2 Advisory report 1 Article 1 Bibliografie 1 Case study 1 Conference proceedings 1 Fallstudie 1 Gutachten 1 Karte 1 Kartenmaterial 1 Lehrbuch 1 Monografische Reihe 1 Nachschlagewerk 1
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Language
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English 1,371 Undetermined 201 German 129 Spanish 33 French 24 Portuguese 7 Czech 3 Polish 3 Italian 2 Russian 2 Finnish 1 Swedish 1
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Author
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Frankel, Jeffrey A. 29 Edwards, Sebastian 22 Devereux, Michael B. 21 Obstfeld, Maurice 19 Eichengreen, Barry 18 Bordo, Michael D. 17 De Gregorio, Jose 12 Reinhart, Carmen M. 12 Schembri, Lawrence 11 Schnabl, Gunther 11 Bofinger, Peter 10 Chinn, Menzie David 10 Corsetti, Giancarlo 10 Wei, Shang-jin 10 Bocola, Luigi 9 Dornbusch, Rudiger 9 Ghosh, Atish R. 9 Williamson, John 9 Engel, Charles 8 Karacadag, Cem 8 Velasco, Andrés 8 Zhang, Tony 8 Alp, Harun 7 Bleaney, Michael F. 7 Dooley, Michael P. 7 Duttagupta, Rupa 7 Elekdag, Selim 7 Hassan, Tarek A. 7 Hausmann, Ricardo 7 Levy Yeyati, Eduardo 7 MacDonald, Ronald 7 Panizza, Ugo 7 Qureshi, Mahvash Saeed 7 Ricci, Luca Antonio 7 Stein, Ernesto 7 Tsangarides, Charalambos G. 7 Xie, Daniel 7 Bianchi, Javier 6 Calvo, Guillermo A. 6 Flassbeck, Heiner 6
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Institution
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International Monetary Fund (IMF) 266 International Monetary Fund 104 National Bureau of Economic Research 51 American Enterprise Institute for Public Policy Research 2 European University Institute / Department of Economics 2 HWWA-Institut für Wirtschaftsforschung 2 Institut für Weltwirtschaft 2 Institute for International Economics <Washington, DC> 2 Internationaler Währungsfonds 2 Ajia Keizai Kenkyūjo (Japan) 1 American Enterprise Institute / Department of Treasury 1 Australian National University / Centre for Economic Policy Research 1 Banco Central de Chile 1 Banco Central do Brasil 1 Bank of Canada 1 Brookings Institution 1 Bureau of Economic and Business Research <Champaign, Ill.> 1 C.E.P.R. Discussion Papers 1 Canadian American Committee 1 Centralʹnyj bank Rossijskoj Federacii 1 Centre for Economic Policy Research 1 Centre for International Economic Studies 1 Conference on Optimum Currency Areas <1970, Madrid> 1 Deutschland / Bundeswehr / Universität Hamburg 1 Federal Reserve Bank of New York 1 Federal Reserve Bank of San Francisco 1 Gesellschaft zur Förderung des Deutsch-Amerikanischen Handels 1 Group of Thirty 1 Institut für Wirtschaftspolitik <Köln> 1 Institut für Wirtschaftsstudien 1 Institutet för Internationell Ekonomi <Stockholm> 1 Inter-American Development Bank / Office of the Chief Economist 1 Internationaler Währungsfonds / Research Department 1 Japan Economic Research Center 1 Makhon le-meḥḳar kalkali be-Yiśraʾel ʿal-shem Moris Falḳ 1 Nihon Keizai Kenkyū Sentā 1 Norway / Norske regjerings informasjonskontor 1 OECD 1 OECD / Development Centre 1 Oesterreichische Nationalbank 1
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Published in...
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IMF Working Papers 159 IMF Staff Country Reports 85 NBER working paper series 51 Working paper / National Bureau of Economic Research, Inc. 51 NBER Working Paper 46 IMF working papers 31 Discussion paper / Centre for Economic Policy Research 24 Europäische Hochschulschriften / 5 21 Journal of international money and finance 17 IMF Occasional Papers 15 IMF working paper 14 Open economies review 13 IMF Working Paper 12 Essays in international finance 9 Applied economics 8 Intereconomics : review of European economic policy 8 Review of international economics 8 The North American journal of economics and finance : a journal of financial economics studies 8 IMF Policy Discussion Papers 7 International economics and economic policy : IEEP 7 Journal of international economics 7 Journal of policy modeling : JPMOD ; a social science forum of world issues 7 Untersuchungen über das Spar-, Giro- und Kreditwesen / A 7 Volkswirtschaftliche Schriften 7 Documentos de política económica 6 Journal of money, credit and banking : JMCB 6 Kieler Studien : Forschungsberichte des Instituts für Weltwirtschaft an der Universität Kiel 6 The journal of economics 6 Working papers / ADB Institute 6 Discussion paper 5 Faculty research working paper series / John F. Kennedy School of Government, Harvard University 5 HKIMR Working Paper 5 International journal of finance & economics : IJFE 5 International review of economics & finance : IREF 5 Journal of macroeconomics 5 KIEP working paper 5 Working paper 5 Australian economic papers 4 Bank of Finland research discussion papers 4 Brazilian journal of political economy 4
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Source
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ECONIS (ZBW) 1,413 RePEc 273 USB Cologne (EcoSocSci) 82 EconStor 4 ArchiDok 1
Showing 1 - 50 of 1,773
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A theory of fear of floating
Bianchi, Javier; Coulibaly, Louphou - 2023
Persistent link: https://ebtypo.dmz1.zbw/10014235329
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Fallacy of floating? : reconsidering the ability of flexible exchange rates to offset terms-of-trade volatility in developing countries
Popescu, Ioana Octavia - 2023
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Perceived Macroeconomic Uncertainty and Exchange Rate Movements
Lu, Bin; Xie, Lijuan; Xu, Xiangyun; Yu, Cong - 2023
This paper proposes a theoretical model that combines a present value model of the exchange rate with a variance-belief formation model to investigate the relationship between macroeconomic uncertainty and the exchange rate. The model emphasizes the risk premium as its core and incorporates...
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Fifty years on : what the Bretton Woods system can teach us about global macroeconomic policy-making
Subacchi, Paola; Vines, David - In: Oxford review of economic policy 39 (2023) 2, pp. 164-182
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From the Bretton Woods system to the global non-system : the trials and tribulations of slow learning
Vines, David; Subacchi, Paola - In: Oxford review of economic policy 39 (2023) 2, pp. 195-209
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Impact of floating exchange rate on the output, export and employment in the South African beef industry
Thaba, Kingsley; Hlongwane, Jan; Belete, Abenet; … - In: Prizren social science journal 7 (2023) 2, pp. 86-95
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Monetary Policy Independence Under Floating Exchange Rates : Some Pleasant Results
Guender, Alfred V. - 2023
Under a floating exchange rate and integrated financial markets an optimizing central bank acting under discretion to achieve domestic objectives generates a positive co-movement between the domestic and the foreign interest rate in a small open economy. A high degree of positive co-movement...
Persistent link: https://ebtypo.dmz1.zbw/10014356983
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Fear (No More) of Floating : Asset Purchases and Exchange Rate Dynamics
Mimir, Yasin; Sunel, Enes - 2023
We provide a theory on currency dynamics, capital flows and conditions for emerging market economy central bank asset purchases to leave room for manoeuvre for conventional monetary policy. Local-currency asset purchases ease financial conditions and boost banks’ foreign borrowing capacity....
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Monetary union, asymmetric recession, and exit
Keuschnigg, Christian; Kirschner, Linda; Kogler, Michael; … - In: Review of international economics 31 (2023) 5, pp. 1833-1863
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Weather Shocks and Exchange Rate Flexibility
Elekdag, Selim Ali; Tuuli, Maxwell - 2022
This paper assesses the stabilization properties of fixed versus flexible exchange rate regimes and aims to answer this research question: Does greater exchange rate flexibility help an economy’s adjustment to weather shocks? To address this question, the impact of weather shocks on real per...
Persistent link: https://ebtypo.dmz1.zbw/10014030697
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Fear (No More) of Floating : Asset Purchases and Exchange Rate Dynamics
Sunel, Enes; Mimir, Yasin - 2022
We provide a theory on currency dynamics, capital flows and conditions for central bank asset purchases to leave room for manoeuvre on conventional monetary policy. Asset purchases ease financial conditions and boost banks’ foreign borrowing capacity. The ensuing capital inflows lead to an...
Persistent link: https://ebtypo.dmz1.zbw/10013291717
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International Risk-Sharing and the Exchange Rate : Re-Evaluating the Case for Flexible Exchange Rates
Devereux, Michael B. - 2022
A classic argument for flexible exchange rates is that the exchange rate plays a 'shock-absorber' role in an open economy vulnerable to country-specific shocks. This paper presents a sharp counter-example to this argument within a very conventional open economy model. Countries are subject to...
Persistent link: https://ebtypo.dmz1.zbw/10013291931
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International Trade, Indebtedness, and Welfare Repercussions Among Supply-Constrained Economies Under Floating Exchange Rates
Hool, Bryce; Richardson, J. David - 2022
Almost all developed economies at some time during the 1970s seemed supply-constrained. Even much of measured excess capacity was arguably redundant due to energy price shocks, environmental policy, and other structural flux of the 1970s. Little analytical work has been carried out on the...
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Analyzing exchange market pressure dynamics with Markov regime switching : the case of Turkey
İlhan, Ali; Akdeniz, Coşkun; Özdemir, Metin - In: Organizations and markets in emerging economies 13 (2022) 1/25, pp. 238-259
This study analyzes the dynamics of exchange market pressure in Turkey by employing the Markov regime switching model for the period from January 2006 to December 2019. Our findings show that there are two regimes in the foreign exchange market, characterized as low- and high-pressure periods....
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Monetary Policy Under Exchange Rate Flexibility
Dornbusch, Rudiger - 2022
The continuing depreciation of the dollar stands out as one of the big policy issues. It has started to impinge on U.S. monetary policy; it influences the chances for international commercial diplomacy, and it is enhancing the move toward European monetary integration. Above all it leaves most...
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Fear of Floating
Calvo, Guillermo A.; Reinhart, Carmen - 2022
In recent years, many countries have suffered severe financial crises, producing a staggering toll on their economies, particularly in emerging markets. One view blames fixed exchange rates-- soft pegs'--for these meltdowns. Adherents to that view advise countries to allow their currency to...
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The Great Exchange Rate Debate after Argentina
Edwards, Sebastian - 2022
In this paper I discuss in what way, if any, the collapse of Argentina's experience with a currency board has affected the policy debate on the appropriate exchange rate regime in emerging and transition countries. More specifically, I deal with three issues: (1) I discuss some important aspects...
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International Reserves Under Alternative Exchange Rate Regimes and Aspects of the Economics of Managed Float
Frenkel, Jacob A. - 2022
This paper contains an analysis of the role of international reserves under a regime of pegged exchange rates and under a regime of managed floating. It presents evidence on the stability of the demand for reserves during the periods 1963-72 and 1973-75. It is shown that the demand for reserves...
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Monetary union, asymmetric recession, and exit
Keuschnigg, Christian; Kirschner, Linda; Kogler, Michael; … - 2022
Persistent link: https://ebtypo.dmz1.zbw/10013380858
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Determinants of De Jure : de facto exchange rate regime gaps
Dudzich, Viktar - In: Journal of central banking theory and practice 11 (2022) 1, pp. 151-177
This paper investigates inconsistencies between countries' official exchange rate regime declarations (the so-called de jure exchange rate regimes) and their actual policy (de facto exchange rate regimes). These exchange rate regime gaps decrease the credibility of monetary policy and are...
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Milton Friedman and the Case for Flexible Exchange Rates and Monetary Rules
Tavlas, G. S.; Dellas, Harris - 2022
Milton Friedman was a strong proponent of flexible exchange rates accompanied by a domestic monetary rule. He believed that such a combination would deliver superior economic performance and would also be more consistent with democratic principles than a regime based on fixed exchange rates and...
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A worldwide system of reference rates
Williamson, John - 2022
This paper assumes that the major industrial countries (and probably most other major countries) will continue to employ inflation targeting and allow their exchange rates to float, in the sense of accepting no obligation to hold the rate at any particular level. However, it points out that...
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Milton Friedman and Exchange Rates in Developing Countries
Edwards, Sebastian - 2022
Milton Friedman’s famous 1953 essay, “The case for flexible exchange rates,” deals entirely with advanced nations. An interesting question is what Friedman thought about exchange rate and monetary regimes in emerging economies. In this paper I investigate how his views on the subject...
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Global Business and Financial Cycles : A Tale of Two Capital Account Regimes
Acalin, Julien; Rebucci, Alessandro - 2022
Using a new equity price-based measure of the global financial cycle, this paper evaluates the relative importance of global financial shocks for quarterly equity returns and output growths in a large sample of advanced and emerging economies, as well as in South Korea and China--two countries...
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Identifying Algeria's de facto exchange rate regime : a wavelet-based approach
Chekouri, Sidi Mohammed; Chibi, Abderrahim; … - In: Journal of economic structures : JES; the official … 11 (2022), pp. 1-17
The Central Bank of Algeria has announced a managed float of the Algerian dinar since 1994. Yet, there are some substantial differences between various de facto classifications of Algeria's exchange rate regime. This study looks into the exchange rate regime of Algeria, aiming to identify de...
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Política cambiaria e intervenciones en el marco de metas de inflación del Banco Central de Chile
García, Pablo - 2022
Persistent link: https://ebtypo.dmz1.zbw/10013448823
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Monetary policy independence under a flexible exchange rate regime : the Indian case
Grewal, Harpreet Singh; Trivedi, Pushpa L. - 2022
Persistent link: https://ebtypo.dmz1.zbw/10013402160
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Milton Friedman : an early advocate of dollarization?
Ocampo, Emilio - 2022 - Updated version: 22 August 2022
Milton Friedman's longstanding advocacy in favor of floating exchange rates has contributed to a mistaken belief that he opposed currency board regimes or outright dollarization. Nothing could be further from the truth. Over a period of almost five decades Friedman consistently made it clear...
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L'île Flottante : Ivory Coast's eco-friendly sustainable floating island resort
Ahmed, Jashim Uddin; Islam, Quazi Tafsirul; Ahmed, Asma; … - In: Small enterprise research 29 (2022) 2, pp. 190-198
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Nominal Exchange Rate Flexibility and Real Exchange Rate Adjustment : New Evidence from Dual Exchange Rates in Developing Countries
Research, Hong Kong Institute for Monetary and Financial - 2022
This working paper was written by Yin-wong Cheung (University of California, Santa Cruz) and Kon S. Lai (California State University, Los Angeles).This study investigates whether greater nominal exchange rate flexibility aids real exchange rate adjustment based on data from dual exchange rates...
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Exchange-Rate Policy after a Decade of "Floating"
Branson, William H. - 2021
This paper integrates exchange-rate policy into a model of exchange- rate behavior, and examines the data econometrically to infer hypotheses about policy behavior in the 1970s. The model shows how unanticipated movements in money, the current account, and relative price levels will cause first...
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A "Vertical" Analysis of Crises and Intervention : Fear of Floating and Ex-Ante Problems
Caballero, Ricardo J.; Krishnamurthy, Arvind - 2021
Emerging economies are prone to crises triggered by external shocks. During these crises, should the central bank stabilize the currency or domestic interest rates? If the choice is outside the central bank's control, as in a currency board, are there good policy substitutes? We argue that these...
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Macroeconomic Adjustment Under Bretton Woods and the Post-Bretton Woods Float : An Impulse-Response Analysis
Bayoumi, Tamim; Eichengreen, Barry - 2021
We use time-series methods to estimate a simple aggregate-supply aggregate-demand model in order to analyze the comparative performance of fixed- and flexible-exchange-rate systems and test competing hypotheses designed to explain shifts between exchange-rate regimes. The paper provides a...
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Fixing for Your Life
Calvo, Guillermo A.; Reinhart, Carmen M. - 2021
The Asian crisis took place against a background of exchange rate regimes that were characterized as soft pegs. This has led many analysts to conclude that the peg did it' and that emerging markets (EMs) should just say no' to pegged exchange rates. We present evidence that EMs are very...
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Macroeconomics of Stagflation Under Flexible Exchange Rates
Kouri, Pentti J.K - 2021
The concerns of macroeconomic policy in the industrial countries in recent years have shifted the focus of open-economy macroeconomics to new and interesting problems. Although no synthesis, or a fully coherent theory of policy, has yet emerged from this research, the results have already led to...
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The Adam Klug Memorial Lecture : Haberler Versus Nurkse: The Case for Floating Exchange Rates as an Alternative to Bretton Woods?
Bordo, Michael D.; James, Harold - 2021
From the perspective of the late 1930s and 1940s the dominant view was that the inter-war currency experience was a financial disaster. The view is perfectly encapsulated in the League of Nations' publication The Inter-war Currency Experience, the bulk of which was written by Ragnar Nurkse and...
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The Morning after : The Mexican Peso in the Aftermath of the 1994 Currency Crisis
Edwards, Sebastian; Savastano, Miguel A. - 2021
The Mexican peso crisis of December 1994 shocked politicians, analysits, and pundits. Shock was followed by panic, as investors flew the country. It took a massive bail-out package put together by the IMF and the US Treasury to generate some tranquility in the markets in mid to late 1995. From...
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Exchange Rate Flexibility and the Transmission of Business Cycles
Braga de Macedo, Jorge; Meerschwam, David - 2021
This paper presents a very simple model of the effects of flexible exchange rates in the transmission of business cycles. The starting point is the traditional "locomotive" effect, through exports and imports. Aside from this horizontal transmission, the intertemporal exchange rate model...
Persistent link: https://ebtypo.dmz1.zbw/10013232459
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The Flexible Exchange Rate System : Experience and Alternatives
Dornbusch, Rudiger; Frankel, Jeffrey A. - 2021
We review ten aspects of how floating exchange rates have worked in practice, contrasted with ten characteristics that the system was supposed to have in theory. We conclude that the foreign exchange market is characterized by high transactions-volume, short-term horizons, and an absence of...
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Flexible Exchange Rates in the 1970'S
Frenkel, Jacob A. - 2021
The 1970's witnessed the dramatic evolution of the international monetary system from a regime of pegged exchange rates into a regime of flexible rates. This paper surveys the key issues and lessons from the experience with floating rates during the1970's. The main orientation is empirical and...
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New Estimation of China'S Exchange Rate Regime
Frankel, Jeffrey A. - 2021
The paper updates the answer to the question: what precisely is the exchange rate regime that China has put into place since 2005, when it announced a move away from the dollar peg? Is it a basket anchor with the possibility of cumulatable daily appreciations, as was announced at the time? We...
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Expenditure Switching and Exchange Rate Policy
Engel, Charles M. - 2021
Nominal exchange rate changes can lead to 'expenditure switching' when they change relative international prices. A traditional argument for flexible nominal exchange rates posits that when prices are sticky in producers' currencies, nominal exchange rate movements can change relative prices...
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International Transmission Under Pegged and Floating Exchange Rates : An Empirical Comparison
Darby, Michael R. - 2021
This paper continues the investigation of the surprisingly slow and weak international transmission of inflation indicated by the Mark III International Transmission Model. The Mark IV Simulation Model is presented. This is a simplified version of the Mark III Model which retains the...
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Nominal Exchange Rate Flexibility and Real Exchange Rate Adjustment : Evidence from Dual Exchange Rates in Developing Countries
Cheung, Yin-Wong; Lai, Kon S. - 2021
This study investigates whether greater nominal exchange rate flexibility aids real exchange rate adjustment based on data from dual exchange rates in developing countries. Specifically, we analyze whether the more flexible parallel market rate produces faster real exchange rate adjustment than...
Persistent link: https://ebtypo.dmz1.zbw/10013318352
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Maintaining Price Stability Under Free-Floating : A Fearless Way Out of the Corner?
Detken, Carsten; Gaspar, Vitor - 2021
The behaviour of the exchange rate under a floating exchange rate regime for a small open economy with perfect capital mobility may appear like a managed float or even a firmer peg. We present a canonical new neo-classical synthesis open economy model where the central bank follows a strategy...
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Living with the Fear of Floating : An Optimal Policy Perspective
Lahiri, Amartya; Vegh, Carlos A. - 2021
As documented in recent studies, developing countries (classified by the IMF as floaters or managed floaters) are extremely reluctant to allow for large nominal exchange rate fluctuations. This 'fear of floating' is reflected in the fact that, in spite of being subject to larger shocks,...
Persistent link: https://ebtypo.dmz1.zbw/10013312472
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Floating Exchange Rates, Expectations and New Information
Edwards, Sebastian - 2021
This paper analyzes the relationship between forward exchange rates,future spot rates and new information. A stochastic model of exchangerate determination is used to formally show how unanticipated changes in the exchange rate determinants (or "news") affect the spot rate. The empirical...
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A Role Model for China? Exchange Rate Flexibility and Monetary Policy in Japan
Schnabl, Gunther; Danne, Christian - 2021
Few papers have tried to project how Chinese monetary policy will behave under flexible exchange rates. As Japan provides an important role model for China, this paper studies the role of the yen/dollar exchange rate for Japanese monetary policy after the shift of Japan from a fixed to a...
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An Essay on the Revived Bretton Woods System
Dooley, Michael P.; Folkerts-Landau, David; Garber, Peter M. - 2021
The economic emergence of a fixed exchange rate periphery in Asia has reestablished the United States as the center country in the Bretton Woods international monetary system. We argue that the normal evolution of the international monetary system involves the emergence of a periphery for which...
Persistent link: https://ebtypo.dmz1.zbw/10013210686
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Four Observations on Modern International Commercial Policy Under Floating Exchange Rates
Richardson, J. David - 2021
This paper describes the essential similarity between "modern" commercial policy, with its rent-like revenues, and capital transfers. Import barriers are shown to have consequently ambiguous effects on nominal and real exchange rates. The paper also examines some important supply-side welfare...
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