Do "Flexible" Exchange Rates of Developing Countries Behave Like the Floating Exchange Rates of Industrialized Countries?

Do
Author :
Publisher : International Monetary Fund
Total Pages : 44
Release :
ISBN-10 : UCSD:31822031629520
ISBN-13 :
Rating : 4/5 ( Downloads)

Book Synopsis Do "Flexible" Exchange Rates of Developing Countries Behave Like the Floating Exchange Rates of Industrialized Countries? by : Peter Wickham

Download or read book Do "Flexible" Exchange Rates of Developing Countries Behave Like the Floating Exchange Rates of Industrialized Countries? written by Peter Wickham and published by International Monetary Fund. This book was released on 2002-05 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper examines the behavior of daily spot exchange rates for a sample of industrialized countries which are generally considered to be floating with only occasional official foreign exchange market intervention. This behavior is then compared to the behavior of the exchange rates of a sample of sixteen developing countries whose regimes are often classified as being “flexible”. Considerable differences in the way these developing countries’ exchange rate regimes operate is apparent from the daily data, with some sharing similarities with the regimes of the industrialized countries and with others demonstrating regime shifts and other marked discontinuities.

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