Choosing between different fixed exchange rate regimes

Sandemann Rasmussen ()
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Sandemann Rasmussen: University of Aarhus, Postal: Bartholins Allé 10, DK-8000 Aarhus C, Denmark, http://www.econ.au.dk/about-us/people/faculty-vip/rasmussen-bo-sandemann/

Journal of Financial Transformation, 2003, vol. 7, 31-38

Abstract: Fixed exchange rate regimes can be useful in generating anti-inflation credibility. The institutional features behind specific fixed exchange rate regimes are generally important for how much credibility can be gained. It is argued that unless it is possible to set up a fixed exchange rate regime with substantial capability of resisting 'speculative attacks' (e.g. through joining a currency union like the EMU), it may be a better option to choose a floating exchange rate regime.

Keywords: Fixed exchange rate regimes; anti-inflation credibility (search for similar items in EconPapers)
JEL-codes: F30 (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jofitr:1298

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