Journal Article
To float or not to float? exchange rate regimes and shocks
Abstract: Recent research has reconsidered the stabilization properties of a flexible exchange rate regime when exchange rate movements affect financial conditions, and these, in turn, influence economic activity. This Economic Letter summarizes some of the findings of these studies and their policy prescriptions for the choice of the exchange rate regime.
Keywords: Foreign exchange rates;
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Bibliographic Information
Provider: Federal Reserve Bank of San Francisco
Part of Series: FRBSF Economic Letter
Publication Date: 2005
Order Number: 01