000			01067pab a2200157 454500
008			180718b1999 xxu||||| |||| 00| 0 eng d
100			_aEichengreen, Barry
245			_aKicking the habit: moving from pegged rates to greater exchange rate flexibility
260			_c1999
300			_ap.C-1-14
362			_aMar
520			_aWhy do governments find it so difficult to move from pegged exchangte rates to greater exchange rate flexibility? I first establish that there is a problem to be solved: that there are powerful incentives for greater flexibility deriving from changes in the international economic and financial environment but that policymakers find it difficult to engineer a smooth transition. I offer practical suggestions and a framework under which the probability of a smooth transition can be maximised. Drawing examples from recent economic history, I then attempt to understand the experience of selected countries which have undertaken this transition. - Reproduced
650			_aExchange rates
773			_aEconomic Journal
909			_a40662
999			_c40662 _d40662