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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
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More from the Authors
  • Doing Business in Boston, Massachusetts By: Laura Alfaro, Leonard A. Schlesinger and Zeke Gillman
  • Health Externalities and Policy: The Role of Social Preferences By: Laura Alfaro, Ester Faia, Nora Lamersdorf and Farzad Saidi
  • FIELD Immersion 2022: Lawrence, Massachusetts By: Laura Alfaro and Tom Quinn
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