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Moving to Greater Exchange Rate Flexibility
Ms.Inci Ötker
其他書名
Operational Aspects Based on Lessons from Detailed Country Experiences
出版International Monetary Fund, 2007-04-30
主題Business & Economics / Foreign ExchangeBusiness & Economics / Finance / General
ISBN15890662439781589066243
URLhttp://books.google.com.hk/books?id=KrYaEAAAQBAJ&hl=&source=gbs_api
EBookSAMPLE
註釋Many countries have moved towards more flexible exchange rate regimes over the last decade to take advantage of greater monetary policy autonomy and flexibility in responding to external shocks. Some reluctance to let go of pegged exchange rates persists, however, despite the benefits of flexibility. The institutional and operational requirements needed to support a floating exchange rate, as well as difficulties in assessing the right time and manner to exit, tend to be additional factors in this reluctance. This volume presents the concrete steps taken by a number of countries in transition to greater exchange rate flexibility and elaborates on the operational ingredients that proved helpful in promoting successful and durable transitions. It attempts to provide a better understanding (and hence a "road map") of how these various operational ingredients were established and coordinated, how their implementation interacted with macro and other conditions, and how they contributed to the smoothness of each transition.