000			03371cam a22003134a 4500
020			_a9781589066243 _cTZS 10,000/=
020			_a1589066243 _cTZS 10,000/=
040			_aMUL _beng _eAACR
082			_a332.456 OTK
100	1		_aÖtker, İnci.
245	1	0	_aMoving to greater exchange rate flexibility : _boperational aspects based on lessons from detailed country experiences / _cInci Otker-Robe and David Vavra, and a team of economists.
260			_aWashington, DC : _bInternational Monetary Fund, _cc2007.
300			_avii, 84 p. : _bill. ; _c28 cm.
500			_aDetailed country case studies were prepared by a team of experts consisting of Luis Ahumada, Fernando Barran, Andre Minella, Zbigniew Polanski, Piotr Szpunar, Barry Topf, and David Vavra.
504			_aIncludes bibliographical references (p. 80-82).
505			_aThe overall framework and synthesis of country experiences Overview Country experiences with transition to greater flexibility: operational aspects underpinning durable exits Detailed country experiences Orderly transitions Disorderly transitions
520			_a"Many countries moved toward more flexible exchange rate regimes over the past decade, which reflects in part the belief that more flexible exchange rates provide a greater degree of monetary policy autonomy and flexibility in responding to external shocks, including large and volatile capital flows. There has often been a reluctance to let go of pegged exchange rates despite the benefits of flexible rates. The extensive institutional and operational requirements needed to support a floating exchange rate as well as difficulties in assessing the right time and manner to exit tend to be additional factors in this reluctance. This paper presents the concrete steps taken by certain countries in transitioning to greater exchange rate flexibility, with a view to elaborating on the operational ingredients that proved helpful in promoting successful and durable transitions. It attempts to provide a better understanding of how these various operational ingredients were established and coordinated with the exits, how their implementation interacted with macro and other conditions, and how they contributed to the smoothness of the exits. The material in this paper was originally prepared in connection with a workshop on moving to greater exchange rate flexibility conducted in Ukraine in April 2005. The detailed case studies prepared subsequently also aimed a providing a follow-up to a discussion by the International Monetary Fund's (IMF) Executive Board in Devember 2004 on "From Fixed to Float: Operational Asoects of Moving Toward Exchange Rate Flexibility" (IMF, 2004). In concluding the discussion, Directors asked for more guidance on the sequencing and order of importance of the operational elements, backed by analysis of more specific country experiences and cross-country studies" --Pref. (v.)
546			_aeng
650		0	_aForeign exchange administration _vCase studies.
650		0	_aForeign exchange rates _vCase studies.
650		0	_aMonetary policy _vCase studies.
650	1	7	_aWisselkoersen.
650	1	7	_aMonetaire politiek.
650		6	_aChange _vCas, Études de.
650		6	_aTaux de change _vCas, Études de.
650		6	_aPolitique monétaire _vCas, Études de.
700	1		_aVávra, David, _d1972-
942			_cBK
999			_c8460 _d8460