Titlebook: Exchange Rate Regimes; Fixed, Flexible or S Imad A. Moosa Book 2005 Palgrave Macmillan, a division of Macmillan Publishers Limited 2005 con

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Fixed versus Flexible Exchange Rates: The Everlasting Debate,e Rates’. Friedman strongly rejected the conventional wisdom of the time, arguing that flexible exchange rates are ‘absolutely essential for the fulfillment of our basic economic objectives: the achievement and maintenance of a free and prosperous world community engaging in unrestricted multilatera

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The Taxonomy of Exchange Rate Regimes: Official and Behavioural Classification Schemes,on practical classification. This classification scheme is based on what individual member countries tell the IMF about the exchange rate arrangements they have in place. In recent years, economists started to develop systems of behavioural classification of exchange rate arrangements based on the o

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Macroeconomic Performance and Exchange Rate Regimes,way in which monetary and fiscal policies affect inflation and growth depend on the exchange rate regime. Macroeconomic performance under various exchange rate regimes depends on macroeconomic policy as well as external effects. A study conducted by the International Monetary Fund (1984) lists four

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Case Studies,rrency printing. Between 1991 and 1995, the nominal value of the currency in circulation jumped from 22 billion to 584 billion, giving rise to an average annual inflation rate of 250 per cent. Monetary reform in post-Saddam Iraq is an issue that has been dealt with in the academic literature (for ex

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