This study examines the historical durability and performance of alternative exchange rate regimes, particularly for developing and emerging market countries. Findings include that whilst emerging market countries need to consider adopting more flexible exchange rate regimes as they develop economically and institutionally, fixed or relatively rigid exchange rate regimes have also proved to have benefits for poorer countries.

Evolution and Performance of Exchange Rate Regimes 2004, International Monetary Fund, Washington, DC

ISBN-13: 9781589063273

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