Fixed Exchange Rate

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Date Published: 
Apr 2009
Document Type: 
R
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Research Document: 

Whenever the Jamaican dollar comes under pressure, there typically results a public debate as to whether the country should change its currency regime to some form of fixed exchange-rate or dollarisation. The recent experience of depreciation vis-à-vis the US dollar has been no exception. To inform this discussion, the Caribbean Policy Research Institute did a short study of the options facing the country in this respect.