Increasing Stability in the Mix of Exchange-rate Policies.
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Published
Mar 1, 2008
Abstract
This paper is an examination of the experience of exchange-rate policy systems since 1996 and a comparison with the experience of 1978 to 1995. Exchange-rate policy has become more stable than it was in the earlier period. In addition, it has become polarized, with almost all countries choosing either a fixed exchange-rate regime (especially in low-GDP countries) or a floating exchange-rate regime (especially in high-GDP countries). Limited-flexibility exchange-rate systems have become unimportant.
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Keywords
Exchange rate policy
References
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• Barry Eichengreen, James Tobin, and Charles Wyplosz, "Two Cases for Sand in the Wheels of lnternational Finance", The Economic Journal, Vol105, No 1, January 1995.
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• Robert Mundell, "Prospects for an Asian Currency Area", Journal of Asian Economics, Vol14, No 1, February 2003.
• Jerry Mushin, Income, Interest Rates and Prices [3rd ed], Dunmore Press Ltd, Palmerston North, New Zealand, 1999.
• Jerry Mushin, "A Taxonomy of Fixed Exchange Rates", Australian Stock Exchange Perspective, Vol 7, No 2, January 2001.
• Jerry Mushin, Output and the Role of Money, World Scientific Publishing Company, London UK, New York USA, and Singapore, 2002.
• Jerry Mushin, "The Deceptive Resilience of Fixed Exchange Rates", Journal of Economics, Business and Law, Vo16, No 1, March 2004.
• Jerry Mushin, "The Uncertain Prospect of Asian Monetary Integration", International Economics and Finance Journal, Vol1, No 1, July 2006.
• Jerry Mushin, "The Euro and its Antecedents", in Robert Whaples (ed), Encyclopedia of Economic and Business History [ www.eh.net/encyclopedia ], Miami University, USA, 2007.
• Jean-Claude Trichet (ed), The European Central Bank, the Eurosystem, the European System of Central Banks, European Central Bank, Frankfurt-am-Main, Germany, 2006.
• Guillermo Calvo and Carmen Reinhart, "Fear of Floating", The Quarterly Journal of Economics, Vol117, No 2, May 2002.
• Rudiger Dornbusch, Stanley Fischer, and Richard Startz, Macroeconomics [7th ed], The McGraw-Hill Companies Inc, Burr Ridge, illinois, USA, 1998.
• Barry Eichengreen, James Tobin, and Charles Wyplosz, "Two Cases for Sand in the Wheels of lnternational Finance", The Economic Journal, Vol105, No 1, January 1995.
• Stanley Fischer, Exchange-Rate Systems, Surveillance, and Advice, International Monetary Fund, Washington DC, USA, 2007.
• Robert Mundell, "What the Euro Means for the Dollar and the International Monetary System", Atlantic Economic Journal, Vol26, No 3, September 1998.
• Robert Mundell, "Prospects for an Asian Currency Area", Journal of Asian Economics, Vol14, No 1, February 2003.
• Jerry Mushin, Income, Interest Rates and Prices [3rd ed], Dunmore Press Ltd, Palmerston North, New Zealand, 1999.
• Jerry Mushin, "A Taxonomy of Fixed Exchange Rates", Australian Stock Exchange Perspective, Vol 7, No 2, January 2001.
• Jerry Mushin, Output and the Role of Money, World Scientific Publishing Company, London UK, New York USA, and Singapore, 2002.
• Jerry Mushin, "The Deceptive Resilience of Fixed Exchange Rates", Journal of Economics, Business and Law, Vo16, No 1, March 2004.
• Jerry Mushin, "The Uncertain Prospect of Asian Monetary Integration", International Economics and Finance Journal, Vol1, No 1, July 2006.
• Jerry Mushin, "The Euro and its Antecedents", in Robert Whaples (ed), Encyclopedia of Economic and Business History [ www.eh.net/encyclopedia ], Miami University, USA, 2007.
• Jean-Claude Trichet (ed), The European Central Bank, the Eurosystem, the European System of Central Banks, European Central Bank, Frankfurt-am-Main, Germany, 2006.
How to Cite
Mushin, Jerry. 2008. “Increasing Stability in the Mix of Exchange-Rate Policies”. Studies in Business and Economics 14 (1). https://doi.org/10.29117/sbe.2008.0041.
Section
Articles