Occasional Papers

Exit Strategies: Policy Options for Countries Seeking Exchange Rate Flexibility

By Barry J. Eichengreen, Inci Ötker, A. J Hamann, Esteban Jadresic, R. B. Johnston, Hugh Bredenkamp, Paul R Masson

August 12, 1998

Preview Citation

Format: Chicago

Barry J. Eichengreen, Inci Ötker, A. J Hamann, Esteban Jadresic, R. B. Johnston, Hugh Bredenkamp, and Paul R Masson. Exit Strategies: Policy Options for Countries Seeking Exchange Rate Flexibility, (USA: International Monetary Fund, 1998) accessed November 21, 2024

Summary

In a world of increasing capital mobility and broadening and more diversified trade, many (but not all) developing and transition economies are likely to find it desirable to move from relatively fixed exchange rate regimes to regimes of greater exchange rate flexibility. This paper suggests why, and considers strategies that countries may consider for such a move. It reinforces this discussion with a review of experience from teh past two decades with alternative exchange rate regimes. The paper also identifies policies that can facilitate the transition to greater exchange rate flexibility for countries that wish to pursue this option.

Subject: Conventional peg, Currencies, Exchange rate arrangements, Exchange rate flexibility, Exchange rates, Foreign exchange, Money

Keywords: Anti-inflation credibility, Asia and Pacific, Caribbean, Central America, Central and Eastern Europe, Conventional peg, Currencies, East Asia, Exchange rate arrangements, Exchange rate flexibility, Exchange rates, Government policy, Monetary policy, OP, Policy, Policy credibility attendant, Regime, Southeast Asia, Transition country, Transition economy, West Africa

Publication Details

  • Pages:

    55

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Occasional Paper No. 1998/014

  • Stock No:

    S168EA0000000

  • ISBN:

    9781557757340

  • ISSN:

    0251-6365

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