Exchange Rate Regimes in Developing and Emerging Economies and the Incidence of IMF Programs

Graham Bird and Dane Rowlands

World Development, 2009, vol. 37, issue 12, 1839-1848

Abstract: Summary The global economic crisis will compel many countries to revise key economic policies, including their exchange rate regime. The International Monetary Fund will have significant influence on their choices, and has exhibited a bias against intermediate regimes. We examine the link between exchange rate regimes and IMF program use and find no evidence that countries with intermediate exchange rate regimes require more frequent IMF assistance. Rather they appear somewhat less dependent, especially when compared to fixed exchange rates. Our results suggest that intermediate regimes should remain a viable and possibly desirable exchange rate choice for some countries.

Keywords: exchange; rates; exchange; rate; regimes; International; Monetary; Fund (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0305-750X(09)00149-1
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:wdevel:v:37:y:2009:i:12:p:1839-1848

Access Statistics for this article

World Development is currently edited by O. T. Coomes

More articles in World Development from Elsevier
Bibliographic data for series maintained by Catherine Liu ().