IMF Chapter 1 Flashcards
1
Q
What types of fixed exchange rate regimes exist?
A
- No separate legal tender
- Currency board
- Other fixed pegs
- Pegs within horizontal bands
- Crawling pegs
2
Q
What types of floating exchange rate regimes exist?
A
- Managed floating with no predetermined path
- Independently floating
3
Q
What is a crucial condition for the CIP?
A
Perfect capital mobility