The crisis experienced in 1990s have caused the claim that "intermediate exchange rate regimes" are prone to erisis and are not sustainable. According to this claim, the mentioned exchange rate regimes have an important role in these crises. Afier these crises, a search for the best exchange ra te regime for developing countries bas begun and discussions in this cantext have taken place between economists. The fact that the countries that have experienced crisis have chosen "independent floating exchange rat e regime" afier erisis has not ended these discussions but have fueled them. The recent discussions have forced same economists to ereale alternative exchange rate regimes (such as BBC regime or Managed Floating Plus) against available exchange rate regimes. This paper aims to determine the relationship between intermediate exchange rat e regimes and financial erises and declare the discussions related exchange rate regimes and alternative regimes afier the crises.
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