Occasional Papers

Characteristics of a Successful Exchange Rate System

Author/Editor:

Paul R Masson ; Morris Goldstein ; Jacob A. Frenkel

Publication Date:

June 15, 1991

Summary:

This study identifies the key characteristics of a successful exchange rate system. It focuses on regimes in the industrial countries and consider the implications for the operation of the international monetary system.

Series:

Occasional Paper No. 1991/013

Subject:

Balance of payments Conventional peg Current account Current account imbalances Exchange rates Foreign exchange International monetary system Managed exchange rates Money Price stabilization Prices Real effective exchange rates Real exchange rates