Exchange Rate Regimes

This book PDF is perfect for those who love Business & Economics genre, written by Atish R. Ghosh and published by MIT Press which was released on 02 June 2024 with total hardcover pages 252. You could read this book directly on your devices with pdf, epub and kindle format, check detail and related Exchange Rate Regimes books below.

Exchange Rate Regimes
Exchange Rate Regimes
Author : Atish R. Ghosh
File Size : 40,9 Mb
Publisher : MIT Press
Language : English
Release Date : 02 June 2024
ISBN : 0262072408
Pages : 252 pages
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Exchange Rate Regimes by Atish R. Ghosh Book PDF Summary

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.

Exchange Rate Regimes

Exchange Rate Regimes by Atish R. Ghosh,Anne-Marie Gulde,Holger C. Wolf

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

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Exchange Rate Regimes in the Modern Era

Exchange Rate Regimes in the Modern Era by Michael W. Klein,Jay C. Shambaugh

An analysis of the operation and consequences of exchange rate regimes in an era of increasing international interdependence. The exchange rate is sometimes called the most important price in a highly globalized world. A country's choice of its exchange rate regime, between government-managed fixed rates and market-determined floating rates has

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Too Sensational

Too Sensational by W. Max Corden

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.

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Exchange Rate Regime Choice in Historical Perspective

Exchange Rate Regime Choice in Historical Perspective by Michael D. Bordo

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

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Evolution and Performance of Exchange Rate Regimes

Evolution and Performance of Exchange Rate Regimes by Mr.Kenneth Rogoff,Mr.Ashoka Mody,Nienke Oomes,Mr.Robin Brooks,Mr.Aasim M. Husain

Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that countries will tend over time to move to the polar extremes of free float or rigid peg. Rather, intermediate regimes have shown remarkable durability. The analysis suggests that as

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Economic Integration and the Exchange Rate Regime

Economic Integration and the Exchange Rate Regime by Mr.Vivek B. Arora,Mr.Olivier Jeanne

The Canadian experience with a floating exchange rate regime can shed some light on the question of whether A question of current interest in many parts of the world is whether with growing economic integration among groups of countries makes a fixed exchange rate, or even a common currency, becomes

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Exchange Rate Regimes and Location

Exchange Rate Regimes and Location by Mr.Luca Antonio Ricci

This paper investigates the effects of fixed versus flexible exchange rates on firms’ location choices and on countries’ specialization patterns. In a two-country, two-differentiated-goods monetary model, demand, supply, and monetary (as well as exchange rate) shocks arise after wages are set and prices are optimally chosen. The paper finds that

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Verifying Exchange Rate Regimes

Verifying Exchange Rate Regimes by Anonim

One reason intermediate exchange rate regimes have fallen out of favor is that they are not transparent or easy to verify. A simple peg or a simple float may be easier for market participants to verify than a more complicated intermediate regime.

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