|
EconStor >
Queen Mary, University of London >
School of Economics and Finance, Queen Mary, University of London >
Working Paper Series, School of Economics and Finance, Queen Mary, University of London >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/55201
|
| | |
| Title: | | Exchange rate policy in small rich economies  |
| Authors: | | Breedon, Francis Pétursson, Thórarinn G. Rose, Andrew K. |
| Issue Date: | | 2011 |
| Series/Report no.: | | Working Paper // School of Economics and Finance, Queen Mary, University of London 684 |
| Abstract: | | We look at the exchange rate policy choices and outcomes for small rich economies. Small rich economies face significant policy challenges due to proportionately greater economic volatility than larger economies. These economies usually choose some form of fixed exchange rate regime, particularly in the very small economies where the per capita cost of independent monetary policy is relatively high. When such countries do choose a free or managed floating regime, they appear to derive no benefit from those regimes; their exchange rate volatility seems to rise without any significant change in fundamental economic volatility. Thus, for these countries, floating exchange rates seem to create problems for policy makers without solving any. |
| Subjects: | | small economies exchange rate regimes |
| JEL: | | F33 E52 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Paper Series, School of Economics and Finance, Queen Mary, University of London
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/55201
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|