Flexing Your Muscles: Abandoning a Fixed Exchange Rate for Greater Flexibility

Barry Eichengreen, Andrew K. Rose

Chapter in NBER book NBER International Seminar on Macroeconomics 2011 (2012), Jeffrey Frankel and Christopher Pissarides, organizers (p. 353 - 391)
Conference held June 17-18, 2011
Published in May 2012 by University of Chicago Press
© 2012 by the National Bureau of Economic Research
in NBER Book Series NBER International Seminar on Macroeconomics

---- Acknowledgements -----

We are grateful to Carmen Reinhart for help with data and to Rachita Gullipalli for research support. Helpful comments were received from Joshua Aizenman, Richard Clarida, Mario Crucini, Francesco Giavazzi, Steinar Holden, Sebnem Kalemli-Ozcan, Jorge de Macedo, Knut Mork, Assaf Razin, Kenneth West, participants at ISOM, and especially Jeffrey Frankel.

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