publication . Research . 2004

The Deceptive Resilience of Fixed Exchange Rates

Mushin, Jerry;
Open Access English
  • Published: 31 Mar 2004 Journal: Journal of economics, business and law, volume 6, pages 1-25 (issn: 1344-770X, Copyright policy)
  • Publisher: College of Economics, Osaka Prefecture University
This paper is an examination of the experience of exchange-rate systems since 1978. Despite the accelerating trend in favour of floating exchange rates, a substantial minority of IMF members have continued to fix the value of their currencies. The recent incidence of each of the principal types of exchange-rate peg is described.
free text keywords: fixed exchange rates, floating exchange rates
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Research . 2004
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