Revised System for the Classification of Exchange Rate Arrangements

Since 1998, the staff of the International Monetary Fund has published a classification of countries' de facto exchange rate arrangements. Experience in operating this classification system has highlighted a need for changes. The present paper provides information on revisions to the system in...

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Bibliographic Details
Published inIDEAS Working Paper Series from RePEc
Main Authors Kokenyne, Annamaria, Veyrune, Romain, Karl Friedrich Habermeier, Anderson, Harald
Format Paper
LanguageEnglish
Published St. Louis Federal Reserve Bank of St. Louis 01.01.2009
Subjects
Classification
Foreign exchange rates
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Summary:Since 1998, the staff of the International Monetary Fund has published a classification of countries' de facto exchange rate arrangements. Experience in operating this classification system has highlighted a need for changes. The present paper provides information on revisions to the system in early 2009. The changes are expected to allow for greater consistency and objectivity of classifications across countries, expedite the classification process, conserve resources, and improve transparency.