Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/3859
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dc.creatorSiebert, Horst-
dc.date2006-
dc.date.accessioned2013-10-16T06:03:55Z-
dc.date.available2013-10-16T06:03:55Z-
dc.date.issued2013-10-16-
dc.identifierhttp://hdl.handle.net/10419/3859-
dc.identifierppn:516626949-
dc.identifier.urihttp://koha.mediu.edu.my:8181/xmlui/handle/10419/3859-
dc.descriptionThis paper analyzes institutional arrangements for exchange rate systems and reviews what we know. It looks at the foreign exchange market, different balance of payment situations in which countries find themselves and the necessary exchange rate adjustments. It studies the options that are available to countries in choosing their exchange rate system (type of nominal anchor, nominal anchor versus real target and the degree of sovereignty to be given up) and reviews the historical experience for multilateral options. The actual system is a fragile low-inflation central bank dominated arrangement. Options for the future rest on quite a few idealistic ideas. In addition to choosing the exchange rate system, adopting the right exchange rate is also addressed.-
dc.languageeng-
dc.publisherKiel Institute for the World Economy (IfW) Kiel-
dc.relationKieler Arbeitspapiere 1288-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.subjectE42-
dc.subjectF31-
dc.subjectF32-
dc.subjectE-
dc.subjectF33-
dc.subjectE5-
dc.subjectE58-
dc.subjectE61-
dc.subjectddc:330-
dc.subjectExchange rate systems-
dc.subjectBalance of payments situations-
dc.subjectExternal and internal equilibrium-
dc.subjectChoosing the exchange rate system-
dc.subjectInternationales Währungssystem-
dc.subjectWechselkurssystem-
dc.subjectMonetäre Außenwirtschaftstheorie-
dc.subjectTheorie-
dc.subjectWelt-
dc.titleInternational exchange rate systems: Where do we stand?-
dc.typedoc-type:workingPaper-
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