Munich Personal RePEc Archive

Optimal choice of an exchange rate regime: a critical literature review

Ouchen, Mariam (2013): Optimal choice of an exchange rate regime: a critical literature review.

[img]
Preview
PDF
MPRA_paper_43907.pdf

Download (743kB) | Preview

Abstract

This paper set out to review the main theories and empirical methods employed in selecting an appropriate exchange rate regime.In order to achieve this, the paper is organized as follows : Section 2 introduces the distinct classifications of exchange regimes(de jure exchange rate regimes versus the facto exchange rate regimes), and the different theoretical approaches which illustrate how an optimal exchange rate regime is determined . Despite their initial popularity, the theoretical considerations have not escaped criticism.Section 3 reviews the criticism of these theories.A conclusion is provided in Section 4.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.