Exchange rate regimes: does what countries say matter?

From: IMF Staff Papers | Date: January 1, 2005| Author: | Copyright information

Traditionally, the IMF's Annual Report on Exchange Arrangements and Exchange Restrictions has been the main source of information about the exchange rate policies pursued by member countries. The classification contained therein has been used to document the evolution of exchange rate regimes over time as well as to study the relationship between economic performance and the choice of exchange rate system. Recently, a number of authors have challenged the results of these studies on the grounds that countries may not always be following the exchange rate policy that they have announced. New ...

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