Exchange Rate Regimes, Capital Flows and Crisis Prevention

Sebastian Edwards

No 8529, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: In this paper I analyze, within the context of the new 'financial architecture,' the relationship between exchange rate regimes, capital flows and currency crises in emerging economies. The paper draws on lessons learned during the 1990s, and deals with some of the most important policy controversies that emerged after the Mexican, East Asian, Russian and Brazilian crises. I evaluate some recent proposals for reforming the international financial architecture that have emphasized exchange rate regimes and capital mobility. I discuss emerging markets' ability to have floating exchange rate regime, and I analyze issues related to 'dollarization.'

JEL-codes: F1 F2 (search for similar items in EconPapers)
Date: 2001-10
New Economics Papers: this item is included in nep-cba, nep-ifn, nep-lam and nep-pke
Note: IFM ITI
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (45)

Published as Feldstein, Martin (ed.) Economic and financial crises in emerging market economies, NBER Conference Report series. Chicago and London: University of Chicago Press, 2003.

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Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:8529

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