What are the objectives of an ideal exchange rate regime
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An ideal currency regime would have three properties: The exchange rate between any two currencies would be credibly fixed. All currencies would be fully convertible. Each country would be able to undertake fully independent monetary policy in pursuit of domestic objectives, such as growth and inflation targets.
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An ideal currency regime would have three properties: The exchange rate between any two currencies would be credibly fixed. All currencies would be fully convertible. Each country would be able to undertake fully independent monetary policy in pursuit of domestic objectives, such as growth and inflation targets.
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