The Deceptive Resilience of Fixed Exchange Rates
Journal of Economics, Business and Law, Vol. 6, No. 1, pp. 1-27, March 2004
Posted: 10 Jan 2010
Date Written: March 1, 2004
This paper is an examination of the experience of exchange-rate systems since 1978. Despite the accelerating trend in favour of floating exchange rates, a substantial minority of IMF members have continued to fix the value of their currencies. The recent incidence of each of the principal types of exchange-rate peg is described.
Keywords: Exchange rate systems, floating exchange rates, fixed exchange rates, IMF
JEL Classification: O24
Suggested Citation: Suggested Citation