Readings:
An argument in favor of flexible exchange rates: Floating Exchange Rates: The Only Viable Solution
An argument in favor of fixed exchange rates: A Case for Fixing Exchange Rates, 1989 Annual Report of the Minneapolis Fed
An argument for a mixed regime (a modified floating regime): A Modified Float: The Clear Choice
A comparison of Mexican and Argentinean exchange rate
regime favoring a strict fixed rate regime (i.e. an Argentinean style of
Currency Board): A
Tale of Two Pesos: A Comparison of Currency Policies In Mexico and Argentina
The Economist on Currency Boards
How to get out of a fix rate regime (The Economist)
The IMF on the relative merits of fixed versus flexible rate regimes (1)
The IMF on the relative merits of fixed versus flexible rate regimes (2)
An article by Jeffrey Sachs on the causes of the Asian crisis
A series of articles from the Wall Street Journal on the
benefits of fixed exchange rates and currency boards
WSJ on benefits
of Fixed Rates
WSJ on more
benefits of Fixed Rates
Benefits of
Currency Boards (Hanke in WSJ)
Benefits
of Currency Boards (Melloan in WSJ)
The benefits of currency
stability (Malpass inWSJ 12/96)
Mexico and Hong Kong (Bartley
on WSJ)
Inflationary
Effects of Devaluations in HK (WSJ)
A Critique
of the IMF (Hanke in WSJ)