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(Revised from original 2004 version)
Exchange Rate Regimes
There are many options for a country in the management of monetary policy. At the most basic level is the decision of whether to adopt a fixed or a floating exchange rate. Introduces the economics behind exchange rates and the debate between fixed vs. floating regimes.
Keywords: Currency Exchange Rate;
Di Tella, Rafael M., and Ingrid Vogel. "Exchange Rate Regimes." Harvard Business School Background Note 704-038, June 2005. (Revised from original May 2004 version.)