Types of exchange rate system pdf
choice of an optimal Exchange Rate Regime for emerging and developing Type. Categories. Features. Fixed exchange rate regime. P erfectly fix ed ex ch ang. The 'decision-variant' type resembles and shares characteristics with a managed floating regime. Exchange rate bands have also been used in the post war combination of exchange rate, monetary policy and capital account policies. Taylor (1993)-type rules that respond, respectively, to domestic inflation and CPI inflation. http://www.boj.or.jp/en/announcements/release_2012/k120214b.pdf.