The Project Syndicate
April 2021
Abstract
Today, freely floating exchange rates suit most large countries better than the late economists Richard Cooper, Robert Mundell, and John Williamson thought. But some countries do well with firmly fixed exchange rates, while at least half of the world’s countries fall in between.
Citation
Frankel, Jeffrey A. "What Three Economists Taught Us About Currency Regimes." The Project Syndicate, April 2021.