Series: IMF Working Papers
Author(s): Alexander Pitt
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 2001
Keywords: currency attacks, competition policy, financial supervision, exchange rate, capital inflows, fixed exchange rate, capital stock, capital account liberalization, Economic History: Financial Markets and Institutions: General, International
Fixed exchange rate regimes have come into disrepute, as their defense has become all but impossible. Yet, while a determined attack on a currency cannot be prevented or, ultimately, withstood, policies can reduce...