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To float or not to float? exchange rate regimes and shocks

Michele Cavallo
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Michele Cavallo: https://www.federalreserve.gov/econres/michele-cavallo.htm

FRBSF Economic Letter, 2005, issue jan7

Abstract: Recent research has reconsidered the stabilization properties of a flexible exchange rate regime when exchange rate movements affect financial conditions, and these, in turn, influence economic activity. This Economic Letter summarizes some of the findings of these studies and their policy prescriptions for the choice of the exchange rate regime.

Keywords: Foreign; exchange; rates (search for similar items in EconPapers)
Date: 2005
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Citations: View citations in EconPapers (2)

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