Exchange Rate Arrangements for the Emerging Market Economies

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• Felipe Larraín, Andrés Velasco
• 1999
• 48
• Occasional Paper
• 1-56708-110-X
• Exchange Rates, Emerging Markets
• This paper reviews the recent performance of alternative exchange rate arrangements in emerging markets, examines the concrete circumstances under which either a fixed or floating rate regime should be adopted, studies how to make flexibility work in practice, and focuses on the possible role of capital controls as a complementary policy.
  
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