000			01056pab a2200181 454500
008			180718b2002 xxu||||| |||| 00| 0 eng d
100			_aCalvo, Guillermo A.
245			_aFear of floating
260			_c2002
300			_ap.379-408.
362			_aMay
520			_aMany emerging market countries have suffered financial crises. One view blames soft pegs for these crises. Adherents of this view suggest that countries move to corner solutions - hard pegs or floating exchange rates. We analyze the behavior of exchange rates, reserves, and interest rates to assess whether there is evidence that country practice is moving toward corner solutions. We focus on whether countries that claim they are floating are indeed doing so. We find that countries that say they allow their exchange rate to float mostly do not - there seems to be an epidemic case of "fear of floating." - Reproduced.
650			_aEconomic recession
650			_aExchange rates
700			_aReinhart, Carmen
773			_aQuarterly Journal of Economics
909			_a52357
999			_c52357 _d52357