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

See all articles by Jerry Mushin

Jerry Mushin

Victoria University of Wellington

Date Written: March 1, 2004

Abstract

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

Mushin, Jerry, The Deceptive Resilience of Fixed Exchange Rates (March 1, 2004). Journal of Economics, Business and Law, Vol. 6, No. 1, pp. 1-27, March 2004, Available at SSRN: https://ssrn.com/abstract=1534293

Jerry Mushin (Contact Author)

Victoria University of Wellington ( email )

Wellington, 6140
New Zealand

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