Exit Strategies: Policy Options for Countries Seeking Greater Exchange Rate Flexibility
Exit Strategies: Policy Options for Countries Seeking Greater Exchange Rate Flexibility
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退出策略：寻求更大汇率灵活性的国家的政策选择
DOI：
10.5089/9781557757340.084
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发表时间：
1998
影响因子：
1.3
通讯作者：
Paul R. Masson
中科院分区：
文献类型：
--
作者：
Barry Eichengreen;Inci Ötker;A. Hamann;Esteban Jadresic;R. B. Johnston;Hugh Bredenkamp;Paul R. Masson
在一个资本流动性日益增加、贸易日益扩大和更加多样化的世界中，许多（但不是所有）发展中国家和转型期经济体可能会发现，从相对固定的汇率制度转向汇率更加灵活的制度是可取的。本文提出了原因，并考虑了各国可能考虑采取这一行动的战略。它通过回顾过去二十年来替代汇率制度的经验来加强这一讨论。本文件还确定了可促进希望采用这一办法的国家向更大汇率灵活性过渡的政策。
In a world of increasing capital mobility and broadening and more diversified trade, many (but not all) developing and transition economies are likely to find it desirable to move from relatively fixed exchange rate regimes to regimes of greater exchange rate flexibility. This paper suggests why, and considers strategies that countries may consider for such a move. It reinforces this discussion with a review of experience from teh past two decades with alternative exchange rate regimes. The paper also identifies policies that can facilitate the transition to greater exchange rate flexibility for countries that wish to pursue this option.