The Choice Of Exchange Rate Regimes And Its Implications In The Seacen Countries
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The Choice Of Exchange Rate Regimes And Its Implications In The Seacen Countries
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Author : Beoy Kui Ng
language : en
Publisher:
Release Date : 1988
The Choice Of Exchange Rate Regimes And Its Implications In The Seacen Countries written by Beoy Kui Ng and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Foreign exchange categories.
Traces the historical evaluation of exchange rate regimes of the SEACEN countries for the period 1970-1984.
Exchange Rate Regimes In The Seacen Countries
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Author : Y. M. W. B. Weerasekera
language : en
Publisher:
Release Date : 1992
Exchange Rate Regimes In The Seacen Countries written by Y. M. W. B. Weerasekera and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Foreign exchange categories.
Recent Issues In Exchange Rate Policy In Developing Countries
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Author : Wanda Tseng
language : en
Publisher:
Release Date : 1992
Recent Issues In Exchange Rate Policy In Developing Countries written by Wanda Tseng and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Foreign exchange categories.
Exchange Rate Regimes
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Author : Atish R. Ghosh
language : en
Publisher: MIT Press
Release Date : 2002
Exchange Rate Regimes written by Atish R. Ghosh and has been published by MIT Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
An empirical study of exchange rate regimes based on data compiled from 150 member countries of the International Monetary Fund over the past thirty years. Few topics in international economics are as controversial as the choice of an exchange rate regime. Since the breakdown of the Bretton Woods system in the early 1970s, countries have adopted a wide variety of regimes, ranging from pure floats at one extreme to currency boards and dollarization at the other. While a vast theoretical literature explores the choice and consequences of exchange rate regimes, the abundance of possible effects makes it difficult to establish clear relationships between regimes and common macroeconomic policy targets such as inflation and growth. This book takes a systematic look at the evidence on macroeconomic performance under alternative exchange rate regimes, drawing on the experience of some 150 member countries of the International Monetary Fund over the past thirty years. Among other questions, it asks whether pegging the exchange rate leads to lower inflation, whether floating exchange rates are associated with faster output growth, and whether pegged regimes are particularly prone to currency and other crises. The book draws on history and theory to delineate the debate and on standard statistical methods to assess the empirical evidence, and includes a CD-ROM containing the data set used.
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
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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.
Exchange Rate Regimes
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Author : Neven Vidaković
language : en
Publisher: LAP Lambert Academic Publishing
Release Date : 2014-02
Exchange Rate Regimes written by Neven Vidaković and has been published by LAP Lambert Academic Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-02 with categories.
This book represents a comprehensive overview of the consequences of what happens to the economy when the central bank chooses the exchange rate. While most research investigates the conduct of monetary policy this book investigates what are the aftereffects of the choice of the monetary policy on a small open economy. The central bank has two main options: stable or variable exchange rate. The book investigates how does the choice of each of the possible exchange rate regime influence the behavior of economic participants: households, firms, banks, fiscal policy. The model is tested versus the data in post-communist transition countries and it is clearly shown the choice of the exchange rate regime presents an important choice for a small open economy. This conclusion broadens the importance of the monetary policy since it is the actual choice of the exchange rate regime which sets the economy on a particular path.
How Do Economic Political And Institutional Factors Influence The Choice Of Exchange Rate Regimes
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Author : Najia Maraoui
language : en
Publisher:
Release Date : 2021
How Do Economic Political And Institutional Factors Influence The Choice Of Exchange Rate Regimes written by Najia Maraoui and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.
Exchange Rate Regime Choice In Historical Perspective
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Author : Michael D. Bordo
language : en
Publisher:
Release Date : 2003
Exchange Rate Regime Choice In Historical Perspective written by Michael D. Bordo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Foreign exchange rates categories.
Exchange rate regime choice has evolved considerably in the past 100 years. At the beginning of the twentieth century the choice was obvious - - join the gold standard, all the advanced countries have done it. Floating exchange rates and fiat money are only for profligate countries. At the beginning of the twenty-first century, the choice is also becoming more obvious - - go to floating exchange rates, all the advanced countries have done it. Moreover in both eras, the emerging markets of the day tried to emulate the advanced countries but in many cases had great difficulties in doing so. What happened in the past century to lead to this tour de force? In this paper I survey the issue of exchange rate regime choice from the perspective of both the advanced countries and the emergers 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 macro performance. The penultimate section provides a brief history of monetary regimes in advanced and emerging countries. The conclusion considers the case for managed float for today's emergers.
Fear Of Appreciation
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Author : Eduardo Levy-Yeyati
language : en
Publisher: World Bank Publications
Release Date : 2007
Fear Of Appreciation written by Eduardo Levy-Yeyati and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Central Bank categories.
Abstract: In recent years the term "fear of floating" has been used to describe exchange rate regimes that, while officially flexible, in practice intervene heavily to avoid sudden or large depreciations. However, the data reveals that in most cases (and increasingly so in the 2000s) intervention has been aimed at limiting appreciations rather than depreciations, often motivated by the neo-mercantilist view of a depreciated real exchange rate as protection for domestic industries. As a first step to address the broader question of whether this view delivers on its promise, the authors examine whether this "fear of appreciation" has a positive impact on growth performance in developing economies. The authors show that depreciated exchange rates appear to induce higher growth, but that the effect, rather than through import substitution or export booms as argued by the mercantilist view, works largely through the deepening of domestic savings and capital accumulation.