Format:
Online-Ressource (39 p)
Edition:
Online-Ausg.
ISBN:
1451854935
,
9781451854930
Series Statement:
IMF Working Papers Working Paper No. 04/126
Content:
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
Additional Edition:
Erscheint auch als Druck-Ausgabe Fernandez, Gilda From Fixed to Float: Operational Aspects of Moving towards Exchange Rate Flexibility Washington, D.C. : International Monetary Fund, 2004 ISBN 9781451854930
Language:
English
DOI:
10.5089/9781451854930.001
