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Controversies on Exchange Rate Systems
1998The vigorous debate between proponents of a fixed exchange rate system and proponents of a flexible exchange rate system has not decreased over the past 30 years. New theoretical and empirical research and new reform proposals have continued to fuel the dispute which regime is the best for an individual country and which serves best the task of an ...
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COMPARISONS OF REAL EXCHANGE RATE VOLATILITY ACROSS EXCHANGE RATE SYSTEMS
Oxford Bulletin of Economics and Statistics, 1992Published comparisons of real exchange rate volatility have concentrated on the dispersion of monthly or quarterly movements. If volatility is to be a measure of the potential for misalignment, account must also be taken of the persistence of such movements.
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Exchange Rates: Systems and Policies
1985Discussion of exchange rates ties in closely with the analysis of the balance of payments in the previous chapter. Under a system of fixed exchange rates it is volumes that alter, with payments disequilibria resulting in changes in reserve holdings. Under flexible exchange rates it is the price variable, i. e.
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Uncertainty, Currency Areas and the Exchange Rate System
Economica, 1972The uniqueness of international finance reflects the multitude of national currencies. Both benefits and costs are attached to separate national currencies. Each country with its own currency can pursue an independent monetary policy. Various costs are incurred with the foreign transactions associated with international payments.
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Managing the Exchange Rate System
1995Abstract The current system of floating exchange rates between major currencies with intermittant ‘management’ by central banks has many critics. Yet the Bretton Woods adjustable peg system operated in a world of extensive capital controls and the overwhelming dominance in the system of a single power and currency, the United States ...
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Business Cycles and the Exchange Rate System: Some International Evidence
, 1989Marianne Baxter +2 more
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The exchange rate system and macroeconomic fluctuations in Sub-Saharan Africa
, 2006Yaya Sissoko, S. Dibooğlu
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The J-curve, rational expectations, and the stability of the flexible exchange rate system
, 1983J. H. Levin
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Exchange rates and the monetary system
Journal of International Economics, 1995openaire +2 more sources

