Exchange Rate Regimes

Sebastian Edwards, Domingo F. Cavallo, Arminio Fraga and Jacob A. Frenkel

in Economic and Financial Crises in Emerging Market Economies

Published by University of Chicago Press

Published in print February 2003 | ISBN: 9780226241098
Published online February 2013 | e-ISBN: 9780226241104 | DOI:
Exchange Rate Regimes

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This chapter analyzes the relationship between exchange rate regimes, capital flows, and currency crises in emerging economies in the context of the implementation of a new financial architecture. It evaluates some proposals for reform of the international financial architecture that focus on exchange rate regimes and capital mobility. This chapter also examines the effectiveness of capital controls as a crisis prevention device and evaluates whether emerging markets can adapt to super-fixed or freely floating exchange rate system.

Keywords: exchange rate system; capital flows; currency crises; international financial architecture; capital mobility; capital controls; crisis prevention; emerging markets

Chapter.  26647 words.  Illustrated.

Subjects: International Economics

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