This book is about exchange rate regime choice. The role played by
the exchange rate in the economy is demonstrated, then the pros and
cons of fixed and flexible rates are discussed. The classification
of exchange rate regimes is examined from theoretical, practical
and historical perspectives. Macroeconomic performance under
various exchange rate regimes is assessed, followed by a survey of
models of exchange rate regime choice. Some factual case studies
are presented and related to the theoretical foundations, including
the choice of exchange rate regime in the post-conflict case of
Iraq.
General
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