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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).

About The Author

Laura Alfaro

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