publication . Article . 2008

Increasing Stability in the Mix of Exchange-rate Policies.

Mushin, Jerry;
Open Access English
  • Published: 01 Mar 2008
  • Publisher: Qatar University
  • Country: Qatar
Abstract
This paper is an examination of the experience of exchange-rate policy systems since 1996 and a comparison with the experience of 1978 to 1995. Exchange-rate policy has become more stable than it was in the earlier period. In addition, it has become polarized, with almost all countries choosing either a fixed exchange-rate regime (especially in low-GDP countries) or a floating exchange-rate regime (especially in high-GDP countries). Limited-flexibility exchange-rate systems have become unimportant.
Subjects
free text keywords: Exchange rate policy
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