The Mirage of Fixed Exchange Rates (original) (raw)

Exchange rate regimes in the modern era: fixed, floating, and flaky

2011

Abstract: This paper provides a selective survey of the incidence, causes, and consequences of a country's choice of its exchange rate regime. I begin with a critical review of Michael Klein and Jay C. Shambaugh's (2010) book Exchange Rate Regimes in the Modern Era, and then proceed to provide an alternative overview of what the economics profession knows and needs to know about exchange rate regimes.

to the source. Pegged Exchange Rate Regimes – A Trap?

2005

We thank Jessica Wesley for research assistance. The views presented in this paper are those of the authors alone and do not necessarily reflect those of the NBER, the Federal Reserve Bank of San Francisco or the Board of Governors of the Federal Reserve System. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.