The Deceptive Resilience of Fixed Exchange Rates

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Mushin, Jerry;
  • Publisher: College of Economics, Osaka Prefecture University
  • Journal: Journal of economics, business and law,volume 6,pages1-25 (issn: 1344-770X)
  • Publisher copyright policies & self-archiving
  • Subject: fixed exchange rates | floating exchange rates

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 ea... View more
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