IDEAS home Printed from https://ideas.repec.org/h/spr/sptchp/978-3-662-49862-0_17.html
   My bibliography  Save this book chapter

Fixed Vs Flexible Exchange Rates

In: International Finance and Open-Economy Macroeconomics

Author

Listed:
  • Giancarlo Gandolfo

    (Accademia Nazionale dei Lincei)

Abstract

It may seem that the old debate on fixed and flexible exchange rates has been made obsolete by international monetary events, as the international monetary system abandoned the Bretton Woods fixed exchange rate regime (of the adjustable peg type) in the early 1970s, and is now operating under a managed float regime mixed with others (see Sect. 3.3 ); nor does it seem liktractely that freely flexible exchange rates will be generally adopted or fixed ones will return. However, a general outline of the traditional arguments is not without its uses, because many of these keep cropping up. The reference to aspects already treated in previous chapters will allow us to streamline the exposition. In examining the main pros and cons of the two systems it should be borne in mind that the arguments for one system often consist of arguments against the other.

Suggested Citation

  • Giancarlo Gandolfo, 2016. "Fixed Vs Flexible Exchange Rates," Springer Texts in Business and Economics, in: International Finance and Open-Economy Macroeconomics, edition 2, chapter 17, pages 423-454, Springer.
    • Handle: RePEc:spr:sptchp:978-3-662-49862-0_17
    DOI: 10.1007/978-3-662-49862-0_17
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sptchp:978-3-662-49862-0_17. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.