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Andean Exchange-rate Regimes, 1994-2003

A Brief for Stable but Flexible Regimes

  • Author: UN, ECLAC
  • Publication date: November 2005
  • Page count: 104
  • Language(s) in this book: English
  • Sales number: 04.II.G.157

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About the product

In recent years, the five Andean economies have adapted a variety of exchange-rate regimes. This paper is concerned with drawing lessons from their experience, which appears to support the view that the most convenient exchange-rate regimes are those that afford policymakers sufficient freedom of maneuver to adjust their policies in response to evolving emphases on stability and growth objectives.