Publication Details

Occasional Paper

Exchange Rate Arrangements for the Emerging Market Economies

Publication cover

Author(s): Larraín, Felipe; Velasco, Andrés
Year: 1999
Pages: 48
ISBN: 1-56708-110-X

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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