Optimal choice of an exchange rate regime: a critical literature review

Mariam Ouchen

MPRA Paper from University Library of Munich, Germany

Abstract: This paper set out to review the main theories and empirical methods employed in selecting an appropriate exchange rate regime.In order to achieve this, the paper is organized as follows : Section 2 introduces the distinct classifications of exchange regimes(de jure exchange rate regimes versus the facto exchange rate regimes), and the different theoretical approaches which illustrate how an optimal exchange rate regime is determined . Despite their initial popularity, the theoretical considerations have not escaped criticism.Section 3 reviews the criticism of these theories.A conclusion is provided in Section 4.

Keywords: Keywords : Exchange rate regime; the structural approach; credibility; flexibility; the bipolar view (search for similar items in EconPapers)
JEL-codes: A30 (search for similar items in EconPapers)
Date: 2013-01-17, Revised 2013-01-19
New Economics Papers: this item is included in nep-mon
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:43907

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