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  • July 15, 2013
  • Other Article
  • Vox, CEPR Policy Portal

Pseudo-flexible Exchange-rate Regimes

By: Laura Alfaro and Fabio Kanczuk
  • Format:Electronic
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Abstract

According to the IMF, last decade saw a number of countries actively managing their exchange rates. Is this a good way for emerging economies to protect themselves from the large swings of international markets? This column presents a new "pseudo-flexible" exchange rate policy for emerging economies that is both sustainable and allows for accumulating reserves in conjunction with domestic debt, resulting in low exchange-rate volatility.

Keywords

Flexibility; International Markets; Managing Exchange Rates; Currency Exchange Rate

Citation

Alfaro, Laura, and Fabio Kanczuk. "Pseudo-flexible Exchange-rate Regimes." Vox, CEPR Policy Portal (July 15, 2013).
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About The Author

Laura Alfaro

General Management
→More Publications

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    El Salvador: Launching Bitcoin as Legal Tender

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More from the Authors
  • Distributional Consequences of Monetary Policy Across Races: Evidence from the U.S. Credit Register By: Laura Alfaro, Ester Faia and Camelia Minoiu
  • El Salvador: Launching Bitcoin as Legal Tender By: Laura Alfaro, Carla Larangeira and Ruth Costas
  • Can Evidence-Based Information Shift Preferences Towards Trade Policy? By: Laura Alfaro, Maggie X. Chen and Davin Chor
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