o 2009 International Monetary Fund WP/09/211 IMF Working Paper Monetary and Capital markets department Revised system for the Classification of Exchange rate arrangements Prepared by Karl Habermeier, Annamaria Kokenyne, Romain Veyrune, and Harald anderson Authorized for distribution by Karl Habermeier September 21, 2009 This version November 17 2009 Abstract Since 1998, the staff of the International Monetary Fund has published a classification of countries' de facto exchange rate arrangements. Experience in operating this classification system has highlighted a need for changes. The present paper provides information on revisions to the system in early 2009. The changes are expected to allow for greater consistency and bjectivity of classifications across countries, expedite the classification process, conserve resources, and improve transparency This Working Paper should not be reported as representing the views of the me. The views expressed in this Working Paper are those of the author(s)and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s)and are published to elicit comments and to further debate JEL Classification Numbers. E0. E5. E6F31. F53 Keywords: exchange rate regime, exchange rate arrangement, classification, taxonomy, de facto, de jure Authors'E-mail khabermeier @imf org, akokenyne( @imf. org, rveyrune(@imf.org Addresses harald anderson @utoronto . ca© 2009 International Monetary Fund WP/09/211 IMF Working Paper Monetary and Capital Markets Department Revised System for the Classification of Exchange Rate Arrangements Prepared by Karl Habermeier, Annamaria Kokenyne, Romain Veyrune, and Harald Anderson Authorized for distribution by Karl Habermeier September 21, 2009 This version: November 17, 2009 Abstract Since 1998, the staff of the International Monetary Fund has published a classification of countries’ de facto exchange rate arrangements. Experience in operating this classification system has highlighted a need for changes. The present paper provides information on revisions to the system in early 2009. The changes are expected to allow for greater consistency and objectivity of classifications across countries, expedite the classification process, conserve resources, and improve transparency. This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate. JEL Classification Numbers: E0, E5, E6, F31, F53 Keywords: exchange rate regime, exchange rate arrangement, classification, taxonomy, de facto, de jure Authors’ E-Mail Addresses: khabermeier@imf.org, akokenyne@imf.org, rveyrune@imf.org, harald.anderson@utoronto.ca