Exchange Rates in a World of Capital Mobility

Martin Wolf
Additional contact information
Martin Wolf: Financial Times, London

The ANNALS of the American Academy of Political and Social Science, 2002, vol. 579, issue 1, 38-52

Abstract: All exchange rate regimes create difficulties. But, painful experience has now reinforced the theoretical presumption against adjustable pegs in a world of capital account convertibility. Liberalization of the capital account has forced countries away from the middle ground toward the polar option of free-floating exchange rates, with monetary autonomy, or hard pegs, without it.

Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/000271620257900104 (text/html)

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:sae:anname:v:579:y:2002:i:1:p:38-52

DOI: 10.1177/000271620257900104

Access Statistics for this article

More articles in The ANNALS of the American Academy of Political and Social Science
Bibliographic data for series maintained by SAGE Publications ().