الجدل القائم حول فرضية الركن لأنظمة أسعار الصرف

Abstract EN

This study aims to analyze the debate on the corner hypothesis of exchange rate regimes that presupposes the exclusion of intermediary systems.

Although this hypothesis is emerging, it still faces the opposition of some economists.

Proponents of this hypothesis argue in particular the hypothesis of the impossible trinity, Countries can choose only two of three possible outcomes: capital mobility, monetary policy independence, exchange rate stability, Opponents of this hypothesis argue that intermediate exchange rate regimes are still continuation because they allow policies to reduce imbalances, which can not be claimed by any of the two radical solutions.

Proponents of intermediary regimes also argue the phenomenon of fear of flotating that leads to devaluation the currency.