scholarly journals Exchange-Rate Policy: Experience with Canada's Floating Rate, par A.F. WYNNE PLUMPTRE. Une brochure, 6 po. x 9, 17 pages. — INTERNATIONAL FINANCE SECTION, PRINCETON UNIVERSITY, Princeton, New Jersey, 1970

1970 ◽  
Vol 46 (3) ◽  
pp. 556
Keyword(s):  
Exchange Rate ◽  
New Jersey ◽  
International Finance ◽  
Exchange Rate Policy ◽  
Princeton University ◽  
Rate Policy ◽  
Floating Rate

Book Reviews

2009 ◽  
Vol 47 (1) ◽  
pp. 183-187
Keyword(s):  
Exchange Rate ◽  
Exchange Rate Policy ◽  
Capital Account ◽  
Equilibrium Exchange Rate ◽  
Princeton University ◽  
Equilibrium Exchange ◽  
Rate Policy ◽  
Key Issues ◽  
China’S Growth

Peter B. Kenen of Princeton University reviews “Debating China’s Exchange Rate Policy” by Morris Goldstein, Nicholas R. Lardy,. The EconLit Abstract of the reviewed work begins “Eight papers and fifteen comments, based on a conference held by the Peterson Institute for International Economics in October 2007, take stock of exchange rate policy in China and identify the major policy options going forward. Papers discuss China’s exchange rate policy--an overview of some key issues; monetary policy independence, the currency regime, and the capital account in China; rebalancing China’s growth; estimates of the equilibrium exchange rate of the renminbi--whether there is a consensus, and if not, why not; the management of China’s international reserves--China and a sovereign wealth fund scoreboard; the U.S. Congress and the Chinese renminbi; influence of the renminbi on exchange rate policies of other Asian currencies; and International Monetary Fund surveillance over China’s exchange rate policy. Goldstein is Dennis Weatherstone Senior Fellow, and Lardy is Senior Fellow, at the Peterson Institute. Index.”

Fear of Free Floating or Forced Exchange Rate Fixing

2004 ◽  
pp. 112-122
Author(s):  
O. Osipova
Keyword(s):  
Exchange Rate ◽  
Financial Crisis ◽  
Exchange Rates ◽  
Inflation Targeting ◽  
Exchange Rate Policy ◽  
Float Exchange Rate ◽  
Floating Exchange Rate ◽  
Rate Policy ◽  
Exchange Rate Arrangements ◽  
Pass Through

After the financial crisis at the end of the 1990 s many countries rejected fixed exchange rate policy. However actually they failed to proceed to announced "independent float" exchange rate arrangement. This might be due to the "fear of floating" or an irreversible result of inflation targeting central bank policy. In the article advantages and drawbacks of fixed and floating exchange rate arrangements are systematized. Features of new returning to exchange rates stabilization and possible risks of such policy for Russia are considered. Special attention is paid to the issue of choice of a "target" currency composite which can minimize external inflation pass-through.

Exchange Rate Regimes and Economic Stability

2010 ◽  
pp. 29-43
Author(s):  
S. Smirnov
Keyword(s):  
Exchange Rate ◽  
Inflation Targeting ◽  
Exchange Rate Regime ◽  
Exchange Rate Policy ◽  
Real Sector ◽  
Economic Stability ◽  
Exogenous Shocks ◽  
Floating Exchange Rate ◽  
Rate Policy ◽  
Managed Floating

The Bank of Russia intends to introduce inflation targeting policy and exchange rate free floating regime in three years. Exogenous shocks absorption which stabilizes the real sector of economy is usually considered to be one of the advantages of free floating exchange rate policy. However, our research based on the analysis of 25 world largest economies exchange rates and industrial production during the crisis of 2008-2009 does not confirm this hypothesis. The article also analyzes additional risks associated with free floating exchange rate regime in Russia and presents some arguments in favor of managed floating exchange rate regime.

On the Exchange Rate Policy

2010 ◽  
pp. 21-28
Author(s):  
K. Yudaeva
Keyword(s):  
Monetary Policy ◽  
Exchange Rate ◽  
Inflation Targeting ◽  
Exchange Rate Policy ◽  
Institutional Changes ◽  
Crisis Period ◽  
Local Currency ◽  
High Inflation ◽  
Rate Policy ◽  
The Exchange Rate

The level of trust in the local currency in Russia is very low largely because of relatively high inflation. As a result, Bank of Russia during crisis times can not afford monetary policy loosening and has to fight devaluation expectations. To change the situation in the post-crisis period Russia needs to live through a continuous period of low inflation. Modified inflation targeting can help achieve such a result. However, it should be amended with institutional changes, particularly development of hedging instruments.

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