Exchange rate regimes and the stability of the international monetary system
By: Atish R. Ghosh, Jonathan D. Ostry, and Charalambos Tsangarides
Contributors: Ostry, Jonathan David, 1962-; Tsangarides, Charalambos G.; International Monetary Fund
Series: IMF occasional paper -- 270; Occasional paper (International Monetary Fund) -- no. 270.
Publisher: International Monetary Fund
Published: 2010
Place of publication: Washington, DC
Language: eng
Number of pages: 42
ISBN-13: 9781589069312
Subjects: Currency question; Foreign exchange
Description: The member countries of the International Monetary Fund collaborate to try to assure orderly exchange arrangements and promote a stable system of exchange rates, recognizing that the essential purpose of the international monetary system is to facilitate the exchange of goods, services, and capital, and to sustain sound economic growth.  This paper reviews the stability of the overall system of exchange rates by examining macroeconomic performance (inflation, growth, crises) under alternative exchange rate regimes; implications of exchange rate regime choice for interaction with the rest of the system (external adjustment, trade integration, capital flows); and potential sources of stress to the international monetary system.--Publisher's description.

Exchange rate regimes ; Financial stability ; Foreign exchange ; International monetary system ; Monetary policy ; Reserve currencies ; Reserves accumulation ; Trade integration
Notes: Includes bibliographical references (p. 40-42).
Table of contents: title: Overview; title: Introduction; title: Countries' choice of exchange rate regime; title: Sources of systemic stress; title: Conclusions.