If interest rates are not constrained by the zero lower bound, a flexible exchange- rate regime is preferable for the usual reason: the instantaneous reaction of the exchange rate corrects the effects of the shock and spreads them between the two countries, while in a currency area the ...
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Exchange rate regime Exchange risk guarantee scheme View more Sources & references Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.Risk...
Maurel, M. (2002) On the way of EMU enlargement towards CEECs: What is the appropriate exchange rate regime?, Discussion paper No. 3409. CEPR, available at http://www.cepr.org/pubs/new-dps/dplist.asp?dpno=3409.On the way of EMU enlargement towards CEECs: what is the appropriate ...
On the Way of EMU Enlargement towards CEECs: What is the Appropriate Exchange Rate Regime? Focusing on a very rich panel of exchange rate regimes in transition countries, this Paper asks the question of the appropriate exchange rate regime for co... M Maurel - Cepr Discussion Paper3409 Moneta...
“Exchange Rate Pass-through: The Role of Regime Changes,” International Review of Applied Economics, 18, 301–322. Article Google Scholar Takagi, S. and Y. Yoshida (2001). “Exchange Rate Movements and Tradable Goods Prices in East Asia: An Analysis Based on Japanese Customs Data, 1988...
Cancellation of the exchange of dollars for gold. From this point on, no other currency is tied to the gold standard. Gold has become a commodity market instrument. IMF member countries have been able to choose their own exchange rate regime. In total, there are three main types: a free ...
A fixed exchange rate is a regime applied by a government orcentral bankthat ties the country's officialcurrency exchange rateto another country's currency or the price of gold. The purpose of a fixed exchange rate system is to keep a currency's value within a narrow band. Key Takeaways ...
A floating exchange rate is a regime where the currency price of a nation is set by the forex market based onsupply and demandrelative to other currencies. This is contrary to afixed exchange rate, in which the government entirely or predominantly determines the rate. Key Takeaways A floating...
An adjustable peg is an exchange rate policy where a currency is pegged or fixed to a currency, such as the U.S. dollar or euro, but can be readjusted.