From Fixed to Float : Operational Aspects of Moving towards Exchange Rate Flexibility /

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Bibliographic Details
Author / Creator:Fernandez, Gilda.
Imprint:Washington, D.C. : International Monetary Fund, 2004.
Description:1 online resource (39 pages)
Language:English
Series:IMF Working Papers, 2227-8885 ; Working Paper No. 04/126
IMF Working Papers ; Working Paper no. 04/126.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12508054
Hidden Bibliographic Details
Other authors / contributors:Karacadag, Cem.
Fernandez, Gilda.
Duttagupta, Rupa.
International Monetary Fund.
ISBN:145190018X
9781451900187
9781451900187
Notes:Available in PDF, ePUB, and Mobi formats on the Internet.
Summary:This paper identifies the institutional and operational requisites for transitions to floating exchange rate regimes. In particular, it explores key issues underlying the transition, including developing a deep and liquid foreign exchange market, formulating intervention policies consistent with the new regime, establishing an alternative nominal anchor in the context of a new monetary policy framework, and building the capacity of market participants to manage exchange rate risks and of supervisory authorities to regulate and monitor them. It also assesses the factors that influence the pace of exit and the appropriate sequencing of exchange rate flexibility and capital account liberalization.
Standard no.:10.5089/9781451900187.001