Exchange Rate Regimes for Emerging Markets

Exchange Rate Regimes for Emerging Markets
Author: John Williamson
Publisher: Peterson Institute
Total Pages: 110
Release: 2000
Genre: Business & Economics
ISBN: 9780881322934

In the aftermath of the Asian/global financial crises of 1997-98, how should emerging markets now structure their exchange rate systems to prevent new crises from occurring? This study challenges current orthodoxy by advocating the revival of intermediate exchange rate regimes. In so doing, Williamson presents a reasoned challenge to the new prevailing attitude which claims that all countries involved in the international capital markets need to polarize to one of the extreme regimes (to a fixed rate with either a currency board or dollarization, or to a lightly-managed float). He concludes that although there is some truth in the allegation that intermediate regimes are vulnerable to speculative crises, they still offer offsetting advantages. He also contends that it would be possible to redesign them to be more flexible so as to reduce their vulnerability to crises.

Monetary Policy and Exchange Rate Regimes

Monetary Policy and Exchange Rate Regimes
Author: Eliana Cardoso
Publisher: American Univ in Cairo Press
Total Pages: 362
Release: 2006-02-15
Genre: Business & Economics
ISBN: 9789771727590

Monetary Policy and Exchange Rate Regimes: Options for the Middle East examines some of the most pressing issues facing policymakers today. The authors offer answers to such questions as: Are the choices of exchange rate regime limited to hard fixing or fully floating? Are capital flight and banking crises avoidable? What is the best way to coordinate monetary and fiscal policies? The answers to these questions draw on the vast literature available on these topics as well as the lessons learned from recent crises, especially in East Asia and Latin America. Beside its broad coverage, this volume includes rich analyses on specific countries of the Middle East. It merits a wide readership, but policymakers seeking to achieve macroeconomic stability and growth will find it particularly useful.

The New Palgrave Dictionary of Economics

The New Palgrave Dictionary of Economics
Author:
Publisher: Springer
Total Pages: 7493
Release: 2016-05-18
Genre: Law
ISBN: 1349588024

The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.

Monetary History, Exchange Rates and Financial Markets

Monetary History, Exchange Rates and Financial Markets
Author: Charles Albert Eric Goodhart
Publisher: Edward Elgar Publishing
Total Pages: 295
Release: 2003-01-01
Genre: Business & Economics
ISBN: 1781950784

Monetary History, Exchange Rates and Financial Markets is an impressive collection of original papers in honour of Charles Goodhart's outstanding contribution to monetary economics and policy. Charles Goodhart has written extensively on many of these topics and has become synonymous with his field; the chapters within this book offer a summary of current thinking on his own research subjects and include perspectives on controversies surrounding them.

Exchange Rate Regimes

Exchange Rate Regimes
Author: I. Moosa
Publisher: Springer
Total Pages: 285
Release: 2006-03-28
Genre: Business & Economics
ISBN: 0230504426

This book explores the exchange rate regime choice and the role played by the exchange rate in the economy. Approaching the classification of exchange rate regimes from theoretical, practical and historical perspectives, the book discusses pertinent case studies, including the choice of exchange rate regime in the post-conflict case of Iraq.

Exchange Rate Systems And Policies In Asia

Exchange Rate Systems And Policies In Asia
Author: Paul Sau Leung Yip
Publisher: World Scientific
Total Pages: 197
Release: 2008-11-05
Genre: Business & Economics
ISBN: 9814469971

This important book comprises insightful papers on lessons learned from some major exchange rate and monetary experiences in Asia, exchange rate crisis management in Asia and choice of exchange rate systems in Asia. Originally published in the Singapore Economic Review, Vol. 52, No. 3, 2007, it deals primarily with the exchange rate systems and policies in the three largest economies in Asia: China, Japan and India. It also contains a paper on Singapore's exchange rate system, whose success could make it a role model for other small open economies. Notable contributors include Ronald McKinnon and John Williamson, among others. The editor is the original designer of China's latest exchange rate system reform.

The Bridge to a Global Middle Class

The Bridge to a Global Middle Class
Author: Walter Russell Mead
Publisher: Springer Science & Business Media
Total Pages: 692
Release: 2003
Genre: Business & Economics
ISBN: 9781402073298

The Bridge to a Global Middle Class compiles a unique series of papers originally commissioned by the Council on Foreign Relations in the wake of the financial crises of 1997-1998. This thought-provoking retrospective culls the views of economists, international financial institutions, Wall Street, organized labor and varying public-interest organizations on the issue of how to fortify our global financial infrastructure. Their effort is the culmination of an 18-month study - The Project on Development, Trade, and International Finance - that seeks to encourage the evolution of middle-class oriented economic development in emerging market countries. In addressing the world economic problems that led to the crises and examining methods to improve the workings of the world's financial markets, they offer ideas, policy recommendations, and suggest the concrete forms these might take, in the drive to transition the world economy toward strategies that offer the developing world an improved standard of living. These papers make a convincing case for middle-class-oriented economic development as the key to global prosperity and stability. U.S. and international policy-makers will find these insightful discussions valuable in forming new policy and providing the appropriate stimulus for economic development in emerging economies.

Global Economics in Extraordinary Times

Global Economics in Extraordinary Times
Author: C. Fred Bergsten
Publisher: Peterson Institute
Total Pages: 257
Release: 2012-03-15
Genre: Business & Economics
ISBN: 0881326631

Over the course of five decades, John Williamson has published an extraordinary number of books, articles, and other pieces on topics ranging from international monetary economics to development policy and bridging scholarly literature and policy debates. This book provides an overview and insight into Williamson's work. It includes contributions from the editors, Stanley Fischer, Edwin M. Truman, Paul De Grauwe, Yuemei Ji, Marcus Miller, Avinash Persaud, Stephany Griffith-Jones, Dagmar Hertova, Olivier Jeanne, Shankar Acharya, Jose Antonio Ocampo, and an essay by John Williamson on designing economic policy.

From the Athenian Tetradrachm to the Euro

From the Athenian Tetradrachm to the Euro
Author: GĂ©rassimos Notaras
Publisher: Routledge
Total Pages: 201
Release: 2017-11-28
Genre: History
ISBN: 1351157906

With the introduction of the euro much recent attention has been focused on the role of currencies and their national and international significance. Whilst much has been made of the euro's achievements in harmonising Europe's financial dealings, it is often forgotten that it is by no means the first pan-national currency to enter circulation. Indeed, as the various contributions to this volume make plain, the euro can in many ways be regarded as a step 'back to the future', that is, a further international currency in a long historical tradition that includes the Athenian tetradrachm, the Spanish peso and the French franc. Covering a timespan of some two and a half millennia, the contributions within this volume fall within four broad chronological sections, the first comprising three contributions that consider aspects of the European experience from classical antiquity until the high middle ages. The discussion then leaps forward chronologically to the modern age, given a focus by three contributions devoted to nineteenth-century European developments. These, in turn, are set within a wider spatial perspective by two essays that review, first, the classical gold standard, primarily in terms of peripheral economies' experience, and, second, the Bretton Woods system. Fourth, and lastly, the euro's origins and birth are explored in three further contributions. By taking such a long term view of supra-national currencies, this volume provides a unique perspective, not only to the introduction and development of the euro, and its predecessors, but also on the broader question of the relationship between trade and common currencies.