General principles about the working of fixed exchange rate systems and flexible exchange rate systems
.
Chapter 14 in The International Monetary System and the Theory of Monetary Systems, 2016, pp 124-127 from Edward Elgar Publishing
Abstract:
Under flexible exchange rate regimes, monetary policy in a country is independent from monetary policies of other countries and the exchange rate adjusts to the differences between monetary policies (the exchange rate is endogenous). Under fixed exchange rate regimes, the exchange rate is, by definition, exogenous and adjustments are made by changes in the quantity of money. Monetary policy cannot be decided independently.
Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:
Downloads: (external link)
https://www.elgaronline.com/view/9781786430298.00021.xml (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable
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:elg:eechap:17285_14
Ordering information: This item can be ordered from
http://www.e-elgar.com
Access Statistics for this chapter
More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().