... covered include exchange rate regimes, contagion (transmission of currency crises across countries), the current account of the balance of payments, the role of private sector investors and of speculators, the reaction of the official sector (including the multilaterals), capital controls, bank...

... conditions of credibility about their transitory nature. There is also a consensus that hybrid or intermediate exchange rate regimes should not be adopted, a sound domestic financial structure is of paramount importance and the International Monetary Fund (IMF) has a role to play the improvement...

... fellow of the National Bureau of Economic Research. This chapter identifies the relationship between trade and exchange rate volatility. A model of bilateral trade is used to estimate structurally the effect on trade of exchange rate volatility and exchange rate regimes such as fixed exchange rates...

... in seven integrated papers, analyzing the nature of capital flows, alternative exchange-rate regimes, and the roles of international financial institutions. After a guided tour by the editor and a historical exploration, theorists and policy analysts examine the benefits and pitfalls of capital movements...

..., provide economic background, introducing sections on exchange rate regimes, financial policies, industrial country policies, IMF stabilization policies, IMF structural programs, and creditor relations. Next, personal statements from the major players give firsthand accounts of what really went on behind...