Floating Exchange Rates in Developing Countries: Experience with Auction and Interbank Markets

Kyong Huh, Benedicte Christensen, Peter Quirk and Toshihiko Sasaki

No 1987/004, IMF Occasional Papers from International Monetary Fund

Abstract: In recent years, an increasing number of developing countries have adopted market-determined floating exchange rates. This development has represented a significant step forward in the evolution toward exchange rate flexibility that has taken place in the developing country group since the adoption of generalized floating by industrial countries in 1973.

Keywords: OP; market; rate; exchange rate; exchange market arrangement; exchange arrangement; exchange rate system; exchange transaction; market-determined floating exchange rates; Exchange rates; Exchange rate arrangements; Currency markets; Floating exchange rates; Africa; Middle East (search for similar items in EconPapers)
Pages: 48
Date: 1987-05-15
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Citations: View citations in EconPapers (15)

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