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Emerging Markets Central Banks Exchange Rate Policy
https://doi.org/10.32609/0042-8736-2011-12-21-34
Abstract
The article analyzes the emerging markets central banks exchange rate policy, while they choose the exchange rate regime in conditions of financial globalization. The authors present the new IMF exchange rate regimes taxonomy which separates them using historical data about nominal exchange rate developments. They identify some factors which affect the exchange rate regime option from the macroeconomic point of view. The article reviews some national markets safeguard measures from external shocks generated by international capital inflow or outflow.
About the Authors
S. Andryushin
Financial University under the Government of the Russian Federation; Institute of Economics, Russian Academy of Sciences
Russian Federation
Russian Federation
V. Kuznetsova
Lomonosov Moscow State University; Institute of Economics, Russian Academy of Sciences
Russian Federation
Russian Federation
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Review
For citations:
Andryushin S., Kuznetsova V. Emerging Markets Central Banks Exchange Rate Policy. Voprosy Ekonomiki. 2011;(12):21-34. (In Russ.) https://doi.org/10.32609/0042-8736-2011-12-21-34
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