00906nam a2200133Ia 4500 11.03.01 G6181 Goldfajn, Ilan Can flexible exchange rates still 'work' in financially open economies? UN New YorkUS 2001 ix, 22 p. Concentrates on the effect of high capital mobility on the usefulness of different exchange rate regimes, in particular on the relative benefits of exchange rate flexibility. Documents the degree of volatility of the exchange rate in floating regime economies. Examines the sensitivity of interest rates to foreign interest rate shocks. Reports on the contractionary effects of devaluation in emerging economies. Analyses, briefly, two case studies in Latin America, Mexico and Brazil, and comments on the recent performance of these floating exchange economies. 4/4/01 JOY_D M G6181 23488 23488 0 0 0 0 CRCM CRCM 2023-05-04 0 11.03.01 G6181 0000000017502 2023-05-04 00:00:00 2023-05-04 M