Exchange Rate Arrangements in Asia: Do They Matter?
Charles Wyplosz ()
No 04-2007, IHEID Working Papers from Economics Section, The Graduate Institute of International Studies
We examine the difference that various exchange rate arrangements can make toward stabilizing effective nominal and real exchange rates, with special attention to the Asian experience. It concludes that formal basket pegging is unlikely to be sustainable but can easily mimicked with country-specific pegs. Some practical solutions are offered to stabilize regional exchange rates.
Keywords: International Economics; Exchange Rates; Policy coordination; Foreign exchange reserves (search for similar items in EconPapers)
JEL-codes: F33 F36 F42 (search for similar items in EconPapers)
Date: 2007-03, Revised 2004-08-12
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Persistent link: https://EconPapers.repec.org/RePEc:gii:giihei:heiwp04-2007
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