TY - BOOK ID - 84540626 TI - Exchange Rate Regime Choice AU - Marion, Nancy. AU - Flood, Robert. PY - 1991 SN - 1462332803 1455233366 1281602388 9786613783073 1455275638 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Foreign Exchange KW - Development Planning and Policy: Trade Policy KW - Factor Movement KW - Foreign Exchange Policy KW - International Monetary Arrangements and Institutions KW - Currency KW - Foreign exchange KW - Exchange rate arrangements KW - Exchange rate flexibility KW - Exchange rate adjustments KW - Exchange rate policy KW - Conventional peg KW - Germany UR - https://www.unicat.be/uniCat?func=search&query=sysid:84540626 AB - Traditionally the choice of exchange rate regime has been seen as a second-best policy choice, which can be directed toward mitigating the distortionary effects of price or information rigidities. In this paradigm the optimal degree of exchange rate flexibility is found to depend of the source and nature of shocks hitting an economy. More recent literature views the exchange rate as a widely and frequently seen manifestation of government policy with careful exchange-rate management emerging as a tool that can enhance shaky policy credibility. ER -