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Exits from Heavily Managed Exchange Rate Regimes »
Article
Source: Exits from Heavily Managed Exchange Rate Regimes
Volume/Issue: 2005/39
Series: IMF Working Papers
Author(s): Enrica Detragiache , Eisuke Okada , and Ashoka Mody
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2005
ISBN: 9781451860580
Keywords: orderly and disorderly exits, exchange rate, real exchange rate, international financial statistics, exchange rate regime, exchange rate regimes, International Lending and Debt Problems, orderly, and disorderly exits,
A widely held nostrum is that countries should exit heavily managed exchange rate regimes when the going is good, rather than when the exchange rate is under pressure to depreciate. Have countries followed this adv...