# Exchange Rate Policies for Emerging Markets “Estimation of Nonlinear Exchange Rate Dynamics in Evolving Regimes,” with Yao Hou and Danxia Xie, [June 2024](/file_url/1421). "[Systematic Managed Floating](/file_url/682)," 2019, *[Open Economies Review](https://link.springer.com/article/10.1007/s11079-019-09528-8),* [April, vol 30, no.2](https://link.springer.com/journal/11079/30/2) pp.255-295. [Draft](https://link.springer.com/article/10.1007/s11079-019-09528-8) 2019. Reprinted, 2021, in *[The Asian Monetary Policy Forum: Insights for Central Banking](https://econpapers.repec.org/bookchap/wsiwsbook/12323.htm)*, S.Davis, E.Robinson and B.Yeung, eds. (World Scientific Publ. Co. Pte Ltd). [NBER WP 23663](http://www.nber.org/papers/w23663). [Data](/file_url/889) [appendix](/file_url/890), [2017](/file_url/891). ***"***[Choosing an Exchange Rate Regime](/file_url/926),” 2012, [in *The Handbook of Exchange Rates*,”](https://onlinelibrary.wiley.com/doi/abs/10.1002/9781118445785.ch28) edited by Jessica James, Ian W. Marsh and Lucio Sarno (John Wiley). [MRCBG WP No. 2011-16](https://www.hks.harvard.edu/sites/default/files/centers/mrcbg/files/MRCBG_FWP_2011_16-2011_Frankel_Exchange_Rate.pdf), Harvard University, 2011. “[Estimation of De Facto Flexibility Parameter and Basket Weights in Evolving Exchange Rate Regimes](/file_url/1105),” with Daniel Xie, 2010, [*American Economic Review* Papers & Proceedings, 100, May](/file_url/1285). [Slides presented ](/file_url/1286)at De Nederlandsche Bank, Amsterdam, June 2010. HKS RWP 10-005; NBER [WP No. 15620](http://www.nber.org/papers/w15620); Peterson Institute for International Economics [WP 10-1](http://www.iie.com/publications/interstitial.cfm?ResearchID=1465). “[New Estimation of](/file_url/1287) [China’s Exchange Rate Regime](https://onlinelibrary.wiley.com/doi/full/10.1111/j.1468-0106.2009.00454.x),” 2009, *[Pacific Economic Review](https://onlinelibrary.wiley.com/doi/full/10.1111/j.1468-0106.2009.00454.x)* (Wiley InterScience, [Blackwell](http://www.blackwellpublishing.com/journal.asp?ref=1361-374X) Publ.), 346-360. "[New Estimation of the RMB Regime](/file_url/1288)" (incl. appendix tables) in *China’s Emerging Financial Markets: Challenges and Opportunities*, J.Tatom, G.Yago, and J. Barth, eds. (Springer). RWP08-077, Harvard University; NBER [WP no. 14700](http://www.nber.org/papers/w14700), 2009. "[Estimation of De Facto Exchange Rate Regimes: Synthesis of The Techniques for Inferring Flexibility and Basket Weights](/file_url/1095)," Version, with most tables cut in *IMF Staff Papers* vol. 55, 2008. [ Annual Research Conference](http://www.imf.org/external/np/res/seminars/2007/arc/index.htm), [International Monetary Fund, Nov., 2007](http://www.imf.org/external/pubs/ft/survey/so/2007/RES1121A.htm). slides. With complete appendices: NBER WP 14016; replication files. HKS RWP-026, May 2008, with half the tables. Complete version, with all tables, CID WP, 157, March 2008; Replication files. ["On the Rand: Determinants of the South African Exchange Rate,"](http://www.nber.org/papers/w13050) *South African Journal of Economics*, 75, no.3, September 2007. Slides, U.Stellenbosch. CID WP139 &* KSG RWP07-015*.* [NBER WP 13050](http://papers.nber.org/papers/w13050), April 2007. Slides. *["](http://hks.harvard.edu/fs/jfrankel/OnTheRandUpdateAug07.doc)*On the Rand: Update Note," July 2007*,* South Africa. ["Contractionary Currency Crashes in Developing Countries,"](/file_url/907)*[ ](http://hks.harvard.edu/fs/jfrankel/Contractionary_currency_crashes.pdf)[ IMF Staff Papers, ](https://link.springer.com/article/10.2307/30035893)*[2005](https://link.springer.com/article/10.2307/30035893)*. The Mundell Fleming Lecture,* IMF 5th Annual Research Conference, Nov. 5, 2004. Harvard Kennedy School RWP04-037; [NBER Working Paper No. 11508](https://www.nber.org/papers/w11508). "[On the Tenge: Monetary and Exchange Rate Policy for Kazakhstan](/file_url/1293)," *Consultancy for government of Kazakhstan*, [CID,](http://www.cid.harvard.edu/) Apr. 2005. Russian translation, ADB, 2009. "[Experience of and Lessons from Exchange Rate Regimes in Emerging Economies](/file_url/925)," in *Monetary and Financial Cooperation in East Asia,* Asian Development Bank (Macmillan Press), 2003. Written for a study coordinated by Takatoshi Ito and Yung Chul Park. [NBER Working Paper 10032](https://www.nber.org/papers/w10032); Harvard Kennedy School RWP03-011. ["A Proposed Monetary Regime](https://ideas.repec.org/p/ecl/harjfk/rwp03-003.html) for [Small Commodity Exporters](/file_url/1300): [Peg the Export Price (PEP)](/file_url/1295)," *International Finance* (Blackwill Publishers), vol. 6, no. 1, Spring 2003, 61-88. [HKS RWP 03-003](/file_url/1298). "[A Proposal to Anchor Monetary Polic](/file_url/1296)y [by the Price of the Export](/file_url/1297) [Commodity](/file_url/1299)": with Ayako Saiki, in *Journal of Economic Integration*, September 2002, Vol. 17, No. 3, 417-448. ["Should Gold-Exporters Peg Their Currencies to Gold?](/file_url/1302)" [Research Study No. 29](/file_url/1301) for the World Gold Council, London, 2002. "[Verifiability](/file_url/1303) and ["Verifiability and the Vanishing Intermediate Exchange Rate Regime](/file_url/1091)," with Sergio Schmukler and Luis Servén; *Brookings Trade Forum 2000*, edited by Susan Collins and Dani Rodrik (Brookings Institution, Washington DC). [NBER Working Paper 7901](https://www.nber.org/papers/w7901). "[Verifiability: A Rationale for the Failure of Intermediate Exchange Rate Regimes](/file_url/1304)," InterAmerican Seminar in Economics, Buenos Aires, Dec. 3-4, 1999, organized by S. Edwards and E. Zablotsky. World Bank Policy Research Working Paper No. 2397. "[Verifying Exchange Rate Regimes](/file_url/1092)" with Eduardo Fajnzylber, Sergio Schmukler, and Luis Serven, *[Journal of Development Economics](https://www.sciencedirect.com/journal/journal-of-development-economics)*, vol. 66, [no. 809, October 2001: 351-386](https://www.sciencedirect.com/science/article/pii/S0304387801001675). "[No SIngle Currency Regime is Right for All Countries](https://ies.princeton.edu/pdf/E215.pdf), [or at All Times](/file_url/1305)," [*Essays in International Finance* No. 215](https://ies.princeton.edu/pdf/E215.pdf) (Princeton University Press), 1999. [Graham Lecture](/file_url/1094), Princeton University, April 20, 1999; [NBER Working Paper No. 7338](https://www.nber.org/papers/w7338). ///////// "The New Financial Architecture: Exchange Rate Regimes and Financial Integration," Policy Brief no. 51, The Brookings Institution, Washington, DC, June 1999. "[No Single Currency Regime is Right for All Countries](/file_url/1306)," testimony before the House Committee on Banking and Financial Services, May 21, 1999. "[Monetary Regime Choices for a Semi-Open Country](/file_url/1308)," 1995, in *[Capital Controls, Exchange Rates and Monetary Policy in the World Economy](https://econpapers.repec.org/bookchap/cupcbooks/9780521597111.htm)*, edited by Sebastian Edwards (Cambridge University Press), 35-69. Written for conference organized by Yung Chul Park, Seoul, Korea, Nov. 1992. [UC Berkeley CIDER WP 094-36](/file_url/1309). "[Is Japan Creating a Yen Bloc in East Asia and the Pacific?](/file_url/1310)" 1993, in *[Regionalism and Rivalry: Japan and the U.S. in Pacific Asia](https://www.nber.org/books-and-chapters/regionalism-and-rivalry-japan-and-united-states-pacific-asia)*, edited by Jeffrey Frankel and Miles Kahler (University of Chicago Press, Chicago), 53-85. Reprinted in *Asia Pacific Regionalism: Readings in International Economic Relations*, edited by P.Drysdale and R.Garnaut (Harper Educational Publishers, Australia), 1994, 227-249; and in *Asia Pacific Economic Cooperation: Critical Perspectives on the World Economy*, P. Drysdale, ed. (Routledge, UK), 2007. "[Yen Bloc or Dollar Bloc](/file_url/1311)? [Exchange Rate Policies of the East Asian Economies](https://www.nber.org/books-and-chapters/macroeconomic-linkage-savings-exchange-rates-and-capital-flows/yen-bloc-or-dollar-bloc-exchange-rate-policies-east-asian-economies)," with Shang-Jin Wei, 1994, in *[Macroeconomic Linkages: Savings, Exchange Rates, and Capital Flows](https://www.nber.org/books-and-chapters/macroeconomic-linkage-savings-exchange-rates-and-capital-flows)*, [NBER - East Asia Seminar on Economics, Volume 3](https://www.nber.org/books-and-chapters/macroeconomic-linkage-savings-exchange-rates-and-capital-flows/yen-bloc-or-dollar-bloc-exchange-rate-policies-east-asian-economies), Takatoshi Ito and Anne Krueger, editors (University of Chicago Press), 1994. ///////////////////// See also:- [ Exchange Rate Policies for Emerging Markets ](/exchange-rates-terms/exchange-rate-policies-emerging-markets)