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Choice In Currency
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Author : F. A. Hayek
language : en
Publisher: Ludwig von Mises Institute
Release Date : 1976
Choice In Currency written by F. A. Hayek and has been published by Ludwig von Mises Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Keynesian economics categories.
Choice In Currency
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Author :
language : en
Publisher:
Release Date : 1976
Choice In Currency written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with categories.
Choice In Currency
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Author : Friedrich August Hayek
language : en
Publisher:
Release Date : 1976
Choice In Currency written by Friedrich August Hayek and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Business & Economics categories.
Choice In Currency
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Author : Friedrich August von Hayek
language : en
Publisher:
Release Date : 2009
Choice In Currency written by Friedrich August von Hayek and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Choice In Currency
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Author : Hayek F.a.
language : en
Publisher:
Release Date : 1909
Choice In Currency written by Hayek F.a. and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1909 with categories.
Choice In Currency
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Author : Friedrich A Hayek
language : en
Publisher: CreateSpace
Release Date : 2013-12
Choice In Currency written by Friedrich A Hayek and has been published by CreateSpace this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-12 with categories.
LARGE PRINT EDITION! More at LargePrintLiberty.com. The pathbreaking book first appeared in 1976, during an inflationary bout in the United States. Hayek argued that it is crucial to the health of the market as a whole to bring the forces of competition to bear in currency markets, not just between countries but within them as well. All people should be free to use any currency of their own choosing, Hayek contended, even if that means rejecting the favored domestic one. This provides a check against inflation, permitting citizens to keep assets denominated in any unit. Governments will thus have greater incentive to avoid inflating because a depreciating unit will lead people to flee to other currencies. At least this would work as some check, and it would be a great improvement over the existing system in which citizens in a currency region are caged sheep led to the slaughter. This book is an important work in part because it represents a reform that could take place right now, one that would change the institutional incentives faced by central banks. This is not Hayek's full plan for sound money but rather a creative idea to diminish the total power of central banks within individual countries. It was a good idea in 1976, and it's still a good idea in the 21st century.
Exchange Rate Regime Choice
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Author : Mr.Robert P. Flood
language : en
Publisher: International Monetary Fund
Release Date : 1991-09-01
Exchange Rate Regime Choice written by Mr.Robert P. Flood and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-09-01 with Business & Economics categories.
Traditionally the choice of exchange rate regime has been seen as a second-best policy choice, which can be directed toward mitigating the distortionary effects of price or information rigidities. In this paradigm the optimal degree of exchange rate flexibility is found to depend of the source and nature of shocks hitting an economy. More recent literature views the exchange rate as a widely and frequently seen manifestation of government policy with careful exchange-rate management emerging as a tool that can enhance shaky policy credibility.
Too Sensational
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Author : W. Max Corden
language : en
Publisher: MIT Press
Release Date : 2004-08-20
Too Sensational written by W. Max Corden and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-08-20 with Business & Economics categories.
Most of the literature on exchange rate regimes has focused on the developed countries. Since the recent crises in emerging markets, however, attention has shifted to the choice of exchange rate regimes for developing countries, especially those that are more integrated into the world capital markets. In Too Sensational, W. Max Corden presents a systematic and accessible overview of the choice of exchange rate regimes. Reviewing many types of regimes, he shows how the choice of an exchange rate regime is related to both fiscal policy and trade policy. Building on the theory of optimum currency areas, Corden develops an analytic framework of three approaches (nominal anchor, real targets, and exchange rate stability) and three polar exchange rate regimes (absolutely fixed, pure floating, and fixed but adjustable). He considers all other regimes to be mixtures of two or three of the polar regimes. Beginning with theory and later turning to case studies of countries in Asia, Europe, and Latin America, Corden focuses on how economies react to negative and positive shocks under various exchange rate regimes. He examines in particular the Asian and Latin American currency crises of the 1990s. He concludes that although "too sensational" crises have discredited fixed but adjustable regimes, the extremes of absolutely fixed regimes or pure floating regimes need not be chosen.
Exchange Rate Regime Choice In Historical Perspective
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Author : Michael D. Bordo
language : en
Publisher: International Monetary Fund
Release Date : 2003-08-01
Exchange Rate Regime Choice In Historical Perspective written by Michael D. Bordo and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-08-01 with Business & Economics categories.
In this paper, I survey the issue of exchange rate regime choice from the perspective of both the industrial and emerging economies taking an historical perspective. I first survey the theoretical issues beginning with a taxonomy of regimes. I then examine the empirical evidence on the delineation of regimes and their macroeconomic performance. The penultimate section provides a brief history of monetary regimes in industrial and emerging economies. The conclusion considers the case for a managed float regime for today's emerging economies.
The Choice Of Exchange Rate Regime And Monetary Target In Highly Dollarized Economies
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Author : Eduardo Borensztein
language : en
Publisher: International Monetary Fund
Release Date : 2000-02
The Choice Of Exchange Rate Regime And Monetary Target In Highly Dollarized Economies written by Eduardo Borensztein and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-02 with Business & Economics categories.
We examine the implications of high degrees of dollarization for the choice of exchange rate regime and the information content of various monetary aggregates in developing countries. We conclude that a high degree of currency substitution argues for a more fixed exchange rate regime, while asset substitution may imply that either more rigid or more flexible regimes may be appropriate. We also ask whether the most informative monetary aggregates include dollar assets. Based on an analysis of five countries, we conclude inter alia that broader aggregates that include dollar assets perform better than those that do not.