The Future of Exchange Rate Regime: Disputes and Comments in the Current International Community

doi:10.16382/j.cnki.1000-5579.2002.01.001

Abstract

Abstract:

After the Asian financial crisis much of the discussion among policymakers and theorists within the international community goes to the international financial construct. One of its focal issues under debate is about the exchange rate regime, and the view that intermediate exchange rale regimes are no longer viable (hollowing of the middle) particularly arouses heated discussions and debates. Through a comprehensive analysis of the debate in the international community we may find that some views in certain areas are commonly shared, whereas a divergence of views also exists in some other areas.However, what turns out to be evident is that the future development of the international exchange rate regime, to a great extent, will be definitely influenced by the discussion above.

Key words: exchange rate regime, hollowing of the middle, free floating exchange rate, fixed exchange rate, managed floating exchange rate

Zhi-chao ZHANG. The Future of Exchange Rate Regime: Disputes and Comments in the Current International Community[J]. J. East China Norm. Univ. Philos. Soc. Sci, 2002, 34(1): 3-17.

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