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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