Chapter 19. Chapter 19

Data Exercises

Chapter 19

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What type of exchange rate regimes are in use today? How are countries distributed across these regimes? We will explore this question using information provided by the Bureau of Economic Analysis. Go to International Monetary Fund to access the information.

To access the data:

1. Go to International Monetary Fund.

2. In the search field, enter “Annual Report on Exchange Arrangements and Exchange Restrictions 2014” to obtain the latest report in pdf form.

Question 19.1

Hard pegs, residual, soft pegs, floating regimes (market-determined rates).

In the pdf file, look for “Classification of Exchange Rate Arrangements.“

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Question 19.2

13.1 hard pegs, 9.4 residual, 43.5 soft pegs, 34 floating regimes (market- determined rates).

In the pdf file, look for “Exchange Rate Arrangements, 2008–14.“

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Question 19.3

The United States maintains a floating system while China maintains a crawl-like arrangement, which is a soft peg.

Within the pdf document, search for “Summary Features of Exchange Arrangements and Regulatory Frameworks for Current and Capital Transactions in IMF Member Countries.”

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Question 19.4

According to the IMF report, China does not maintain capital control on commercial credits.

Within the pdf document, search for “Summary Features of Exchange Arrangements and Regulatory Frameworks for Current and Capital Transactions in IMF Member Countries.”

Capital market securities	Money market instruments
Collective investment securities	Derivatives and other instruments
Commercial credits	Financial credits
Guarantees, sureties, and financial backup facilities	Direct investment
Liquidation of direct investment	Real estate transactions
Personal capital transactions

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