Evolution of Exchange Rate Regimes

38 Pages Posted: 15 Feb 2006

See all articles by Robert P. Flood

Robert P. Flood

International Monetary Fund (IMF) - Research Department; CENTRUM Business School; National Bureau of Economic Research (NBER)

Jagdeep S. Bhandari

Wake Forest University - School of Law; International Monetary Fund (IMF)

Jocelyn Horne

affiliation not provided to SSRN

Date Written: December 9, 1988

Abstract

This paper studies issues relating to the evolution of exchange rate regimes. Empirical regularities concerning the variation over time of real and monetary disturbances and cross-country inflation differentials are first discussed. The paper then develops a model that incorporates these regularities and thereby enables exchange rate regime changes to be viewed as optimal and predictable responses by policymakers to a changing economic environment.

JEL Classification: 4314, 4320

Suggested Citation

Flood, Robert P. and Bhandari, Jagdeep S. and Horne, Jocelyn, Evolution of Exchange Rate Regimes (December 9, 1988). IMF Working Paper No. 88/106, Available at SSRN: https://ssrn.com/abstract=885115

Robert P. Flood (Contact Author)

International Monetary Fund (IMF) - Research Department ( email )

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CENTRUM Business School

Daniel Alomía Robles s/n
Los Alamos de Monterrico
Surco, Lima, Lima 00001
Peru

National Bureau of Economic Research (NBER)

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Cambridge, MA 02138
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Jagdeep S. Bhandari

Wake Forest University - School of Law ( email )

P.O. Box 7206
Winston-Salem, NC 27109
United States

International Monetary Fund (IMF) ( email )

700 19th Street, N.W.
Washington, DC 20431
United States

Jocelyn Horne

affiliation not provided to SSRN

No Address Available

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