Exchange Rate Regimes

Download Exchange Rate Regimes PDF Online Free

Author :
Publisher : MIT Press
ISBN 13 : 9780262072403
Total Pages : 252 pages
Book Rating : 4.0/5 (724 download)

DOWNLOAD NOW!


Book Synopsis Exchange Rate Regimes by : Atish R. Ghosh

Download or read book Exchange Rate Regimes written by Atish R. Ghosh and published by MIT Press. This book was released on 2002 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 in the Twentieth Century

Download Exchange Rate Regimes in the Twentieth Century PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.F/5 ( download)

DOWNLOAD NOW!


Book Synopsis Exchange Rate Regimes in the Twentieth Century by : Derek Howard Aldcroft

Download or read book Exchange Rate Regimes in the Twentieth Century written by Derek Howard Aldcroft and published by . This book was released on 1998 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an account of the evolution of exchange rate regimes in the 20th century, in chronological, non-technical format. Links between the past and present shed light on the merits of different exchange rate systems. Discusses forces that have brought about change in order to determine how different regimes affected the economic environment, considers the merits or otherwise of the respective regimes, and assesses arguments for and against fixed and floating exchange ratesAnnotation copyrighted by Book News, Inc., Portland, OR

Exchange Rate System

Download Exchange Rate System PDF Online Free

Author :
Publisher :
ISBN 13 : 9780119837094
Total Pages : 0 pages
Book Rating : 4.8/5 (37 download)

DOWNLOAD NOW!


Book Synopsis Exchange Rate System by : International Monetary Fund

Download or read book Exchange Rate System written by International Monetary Fund and published by . This book was released on 1985-03 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Exchange Rates and Economic Policy in the 20th Century

Download Exchange Rates and Economic Policy in the 20th Century PDF Online Free

Author :
Publisher : Routledge
ISBN 13 : 1351937901
Total Pages : 332 pages
Book Rating : 4.3/5 (519 download)

DOWNLOAD NOW!


Book Synopsis Exchange Rates and Economic Policy in the 20th Century by : Derek H. Aldcroft

Download or read book Exchange Rates and Economic Policy in the 20th Century written by Derek H. Aldcroft and published by Routledge. This book was released on 2017-07-05 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: The themes of this study are the exchange rate regimes chosen by policy makers in the twentieth century, the means used to maintain these regimes, and the impact of these decisions on individual national economies and the world economy in general. The book draws heavily on new research showing the lessons and the legacy left for policy makers by the gold standard and the attempt at its resurrection in the 1920s. In examining issues such as the gold exchange standard, the gold bullion standard, the experience of floating exchange rates, the Bretton Woods arrangements, the EMS and the ERM, and the Currency Board approach, there is a conscious attempt to draw out the relevance of history for policy makers now.

Reference Rates and the International Monetary System

Download Reference Rates and the International Monetary System PDF Online Free

Author :
Publisher : Columbia University Press
ISBN 13 : 0881324795
Total Pages : 104 pages
Book Rating : 4.8/5 (813 download)

DOWNLOAD NOW!


Book Synopsis Reference Rates and the International Monetary System by : John Williamson

Download or read book Reference Rates and the International Monetary System written by John Williamson and published by Columbia University Press. This book was released on 2007-04-30 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: Growing global imbalances threaten to induce a collapse of the dollar, which could in turn produce a severe recession in the rest of the world. This crisis could force countries to say "never again" and search for a system to prevent similar disasters. The system that could do so is a reference rate system—where countries' authorities are forbidden from intervening in order to push the exchange rate too far from what is termed the "reference rate." It could help a country's authorities manage its exchange rate to avoid large misalignments, assist the private sector in forming more dependable expectations of future exchange rates and thus to manage their businesses more efficiently in a world of floating exchange rates, and aid the International Monetary Fund in designing and managing an effective system of multilateral surveillance. The world economy would function better as a result, with less chance of the global imbalances leading to a world recession.

Exchange Rate Regime Transitions

Download Exchange Rate Regime Transitions PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.:/5 (318 download)

DOWNLOAD NOW!


Book Synopsis Exchange Rate Regime Transitions by : Paul R. Masson

Download or read book Exchange Rate Regime Transitions written by Paul R. Masson and published by . This book was released on 2000 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some have argued that the only sustainable regimes are free floating and hard exchange rate commitments--essentially currency boards or monetary unions (Eichengreen, 1994, 1998; Obstfeld and Rogoff, 1995). For instance, Eichengreen (1994, pp. 4-5) says that ..". contingent policy rules to hit explicit exchange rate targets will no longer be viable in the twenty-first century ... Countries ... will be forced to choose between floating exchange rates on the one hand and monetary unification on the other." Similarly, Obstfeld and Rogoff (1995, pp. 74) state ..". there is little, if any, comfortable middle ground between floating rates and the adoption of a common currency." Hence, in the view of these authors, in the future we will see a disappearance of the middle ground that corresponds to soft commitments to some sort of intermediate exchange rate regime--adjustable pegs, crawling pegs, or bands, and perhaps also managed floating. This view is sometimes called the "two poles" or "hollowing out" (e.g., Eichengreen, 1994, pp. 6) theory of exchange rate regimes, and is based on the observation that higher capital mobility makes exchange rate commitments increasingly fragile. However, like the optimal currency area literature, which is essentially static, an explicit or implicit assumption is made that regimes are chosen to last forever, and from this perspective, one would only choose a regime that could be sustained once and for all. Only the hardest peg and the absence of any exchange rate commitment whatsoever are likely to qualify on that basis. Thus Eichengreen (1994, pp. 5), states "This will rule out the maintenance for extended periods of pegged but adjustable exchange rates, crawling pegs, and other regimes in which governments pre-announce limits on exchange rate fluctuations ..." (italics added).

Choosing Exchange Regimes in the Middle East and North Africa

Download Choosing Exchange Regimes in the Middle East and North Africa PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.F/5 ( download)

DOWNLOAD NOW!


Book Synopsis Choosing Exchange Regimes in the Middle East and North Africa by : Abdelali Jbili

Download or read book Choosing Exchange Regimes in the Middle East and North Africa written by Abdelali Jbili and published by International Monetary Fund. This book was released on 2003-09-05 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This pamphlet reviews the exchange regimes of five emerging market countries in the region--Egypt, Jordan, Lebanon, Morocco, and Tunisia and an oil-exporting country, Iran, to see whether they need to consider adopting more flexible arrangements as they further open their economies to trade and capital flows. In fact, two countries, Egypt and Iran, have recently adopted flexible exchange rate arrangements, but their experience is too recent to warrant meaningful conclusions. The pamphlet highlights the criteria for an exchange regime choice, presents a country-by-country assessment of existing exchange regimes, explores options for the future based on the forward-looking analysis of reform prospects in each country, raises the issue of a nominal anchor for countries with floating exchange rates, and considers the pros and cons of monetary aggregate and inflation targeting as policy anchors. The pamphlet looks at the recent move by Egypt and Iran toward more flexible exchange rate regimes, and discusses the required steps to ensure the success of these experiences. For the other countries, the choice is less clear-cut and more of a long-term nature. In either case, transition to a more flexible exchange rate arrangement raises the question of what conditions countries would need to meet if they opted for greater flexibility, including changes to their monetary policy framework.

Exchange Rate Regime Choice in Historical Perspective

Download Exchange Rate Regime Choice in Historical Perspective PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.:/5 (318 download)

DOWNLOAD NOW!


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

Download or read book Exchange Rate Regime Choice in Historical Perspective written by Michael D. Bordo and published by . This book was released on 2003 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

The Rules of the Game

Download The Rules of the Game PDF Online Free

Author :
Publisher : MIT Press
ISBN 13 : 9780262133180
Total Pages : 580 pages
Book Rating : 4.1/5 (331 download)

DOWNLOAD NOW!


Book Synopsis The Rules of the Game by : Ronald I. McKinnon

Download or read book The Rules of the Game written by Ronald I. McKinnon and published by MIT Press. This book was released on 1996 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Rules of the Game brings together essays written over the course of thirty years by a major figure in the field. McKinnon analyzes and compares a wide variety of important international monetary regimes: the establishment of the gold standard in the nineteenth century, Bretton Woods, the dollar standard, floating exchange rates, the European Monetary System, and current proposals for reforming world monetary arrangements. The essays are unique in that they specify precisely the rules of the game for each international monetary regime - past, present, and future. For ease of reference, the book offers boxed summaries of each set of rules and then discusses their advantages and disadvantages, from the gold standard down to the author's proposal for a common monetary standard for the twenty-first century.

The Past and Future of International Monetary System

Download The Past and Future of International Monetary System PDF Online Free

Author :
Publisher : Springer
ISBN 13 : 9811001642
Total Pages : 91 pages
Book Rating : 4.8/5 (11 download)

DOWNLOAD NOW!


Book Synopsis The Past and Future of International Monetary System by : Jingyi Wang

Download or read book The Past and Future of International Monetary System written by Jingyi Wang and published by Springer. This book was released on 2015-11-30 with total page 91 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines essential problems in the current International Monetary System, especially those concerning the International Standard. To do so, it focuses on the different monetary systems of today’s major currencies – the US dollar, the euro and the CNY, as well as the performance of the standards used in the international monetary system, i.e., the SDRs. In addition, it projects the potential consequences of including the Chinese CNY in the current SDR system, thus proposing a reform of the SDRs. The analytical research is mainly based on a performance comparison of the major international standards in the current international monetary system. divThe author illustrates that the political/policy reactions and economic philosophies underlying each monetary system constitute not only reasonable responses to the current international monetary system, but also fundamental factors in decisions concerning changes to or reforms of the international monetary system.div>

Anticipated Exchange Rate Reforms

Download Anticipated Exchange Rate Reforms PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (318 download)

DOWNLOAD NOW!


Book Synopsis Anticipated Exchange Rate Reforms by : Pierre-Richard Agénor

Download or read book Anticipated Exchange Rate Reforms written by Pierre-Richard Agénor and published by International Monetary Fund. This book was released on 1992-05 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exchange rate reforms in developing countries have often aimed at floating the exchange rate in an attempt to unify the official and parallel markets for foreign exchange. This paper examines the anticipatory dynamics associated with such reforms. The analysis shows that if the future unified exchange rate is more depreciated than the prevailing official rate, a pre - announced reform will lead to a depreciation of the parallel rate upon announcement and, during the transition period, a rising premium, an increase in the rate of reserve losses, and possibly to an output contraction and an appreciation of the real exchange rate.

Exchange Rate System

Download Exchange Rate System PDF Online Free

Author :
Publisher :
ISBN 13 : 9780119837094
Total Pages : 0 pages
Book Rating : 4.8/5 (37 download)

DOWNLOAD NOW!


Book Synopsis Exchange Rate System by : International Monetary Fund

Download or read book Exchange Rate System written by International Monetary Fund and published by . This book was released on 1985-03 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Exchange Rate Economics

Download Exchange Rate Economics PDF Online Free

Author :
Publisher : Routledge
ISBN 13 : 1134838220
Total Pages : 334 pages
Book Rating : 4.1/5 (348 download)

DOWNLOAD NOW!


Book Synopsis Exchange Rate Economics by : Ronald MacDonald

Download or read book Exchange Rate Economics written by Ronald MacDonald and published by Routledge. This book was released on 2005 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: ''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.'' ""Journal of International Economics""

Currencies After the Crash: The Uncertain Future of the Global Paper-Based Currency System

Download Currencies After the Crash: The Uncertain Future of the Global Paper-Based Currency System PDF Online Free

Author :
Publisher : McGraw Hill Professional
ISBN 13 : 0071784896
Total Pages : 289 pages
Book Rating : 4.0/5 (717 download)

DOWNLOAD NOW!


Book Synopsis Currencies After the Crash: The Uncertain Future of the Global Paper-Based Currency System by : Sara Eisen

Download or read book Currencies After the Crash: The Uncertain Future of the Global Paper-Based Currency System written by Sara Eisen and published by McGraw Hill Professional. This book was released on 2012-10-26 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the brightest minds in the field—a revealing look at how countries use their currencies to achieve prosperity . . . and the coming repercussions Bloomberg Television's Sara Eisen sheds light on the complex global financial system through this illuminating collection of essays. She hand selected the crème de la crème of authors from the world's most prestigious academic institutions and esteemed professional organizations to share—for the first time in print—their observations and deductions on the topics that matter most to you and your future wealth, including: • THE RELATIONSHIP BETWEEN CURRENCIES AND FINANCIAL CRISES • THE FLAWS WITHIN THE INTERNATIONAL EXCHANGE RATE SYSTEM AND THEIR CONSEQUENCES • HOW EMERGING MARKETS FIT INTO THE CURRENT AND FUTURE EXCHANGE RATE FRAMEWORK • THE IMPACT EXCHANGE RATES HAVE ON FREE TRADE AND ECONOMIC GROWTH • WHAT DEFINES A "SAFE HAVEN" CURRENCY AND ITS ROLE • POTENTIAL SOLUTIONS TO THE CURRENT ECONOMIC PROBLEMS "Today's fiat currency system is based upon trust among market participants, politicians, and central bankers--and that trust is assembled around the reserve currency that enjoys an exorbitant privilege. The reserve status is in doubt in a post financial crisis era but alternatives are lacking. . . . This book is a great guide on how the global currency system is morphing into apotential new standard, but not without the necessary volatility."—Ben Emons, Senior Vice President, Portfolio Manager, PIMCO

Fixed Ideas of Money

Download Fixed Ideas of Money PDF Online Free

Author :
Publisher :
ISBN 13 : 9780511750212
Total Pages : 415 pages
Book Rating : 4.7/5 (52 download)

DOWNLOAD NOW!


Book Synopsis Fixed Ideas of Money by : Tobias Straumann

Download or read book Fixed Ideas of Money written by Tobias Straumann and published by . This book was released on 2014-05-14 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Most European countries are rather small, yet we know little about their monetary history. This book analyses for the first time the experience of seven small states (Austria, Belgium, Denmark, the Netherlands, Norway, Sweden, and Switzerland) during the last hundred years, starting with the restoration of the gold standard after World War I and ending with Sweden's rejection of the Euro in 2003. The comparative analysis shows that for the most part of the twentieth century the options of policy makers were seriously constrained by a distinct fear of floating exchange rates. Only with the crisis of the European Monetary System (EMS) in 1992-93 did the idea that a flexible exchange rate regime was suited for a small open economy gain currency. The book also analyses the differences among small states and concludes that economic structures or foreign policy orientations were far more important for the timing of regime changes than domestic institutions and policies"--

International Money

Download International Money PDF Online Free

Author :
Publisher : Oxford University Press, USA
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.:/5 (44 download)

DOWNLOAD NOW!


Book Synopsis International Money by : Paul de Grauwe

Download or read book International Money written by Paul de Grauwe and published by Oxford University Press, USA. This book was released on 1989 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes bibliographies and index.

The Future of China's Exchange Rate Policy

Download The Future of China's Exchange Rate Policy PDF Online Free

Author :
Publisher : Peterson Institute
ISBN 13 : 0881325406
Total Pages : 125 pages
Book Rating : 4.8/5 (813 download)

DOWNLOAD NOW!


Book Synopsis The Future of China's Exchange Rate Policy by : Morris Goldstein

Download or read book The Future of China's Exchange Rate Policy written by Morris Goldstein and published by Peterson Institute. This book was released on 2009 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: