Calcagno, Alfredo creator text SantiagoCL ECLAC 2003 monographic 41 p. Argues that an intermediate exchange rate regime (compared to free floating or hard peg) will be a better option for countries subject to external financial shocks and a worldwide export and import structure. Bases the analysis on the Argentinean currency board and the full dollarization scheme in Ecuador. 6/5/03 JOYD 11.03.01 C1441