First, it uses more comprehensive data--comprising all IMF members from 1960-90. Second, it classifies exchange rate regimes in more detail than the traditional dichotomy between fixed and floating ...

they need a sound basis for selecting the regime best suited to their needs—be it fixed, floating, or intermediate. Over the past decade, the IMF has produced three major analytical studies on ...

After months of negotiations, the Smithsonian Agreement was ratified and had established a new set of fixed exchange rates based on the devalued dollar. Despite being heralded for its significance in ...