Husain, Aasim M.; Mody, Ashoka; Oomes, Nienke; Brooks, Robin - International Monetary Fund (IMF) - 2003
Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular … regimes have shown remarkable durability. The analysis suggests that as economies mature, the value of exchange rate … are not in a currency union, relatively flexible exchange rate regimes appear to offer higher growth without any cost in …