Designing Appropriate Exchange Rate Regimes for East Asia: Inflation Targeting and Monetary Policy Rules

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Tony Cavoli; Ramkishen Rajan;
  • Subject: exchange rate, East Asia, fear of floating, impossible Trinity inflation targeting, monetary policy rules

While favoring relatively more flexible regimes, emerging economies in East Asia and elsewhere appear to heavily manage their currencies despite being officially described as “floaters”. In other words, revealed preferences of regional monetary authorities appear to i... View more
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