Research Catalog
Exchange-rate policies for emerging market economies
- Title
- Exchange-rate policies for emerging market economies / edited by Richard J. Sweeney, Clas G. Wihlborg, and Thomas D. Willett.
- Publication
- Boulder, CO : Westview Press, 1999.
Items in the Library & Off-site
Filter by
1 Item
| Status | Format | Access | Call Number | Item Location |
|---|---|---|---|---|
| Text | Request in advance | HG3942.9 .E94 1999 | Off-site |
Holdings
Details
- Additional Authors
- Description
- x, 391 pages : illustrations; 24 cm.
- Summary
- With the loss of Soviet control in Central and Eastern Europe, as well as the move toward economic liberalization in many developing countries, a huge increase in the number of convertible currencies in the world has occurred. A key aspect of the management of these currencies involves their relationships with the world economy, which is determined partly by the type of exchange rate regime.
- On the one hand, a fixed exchange rate requires that a country be willing to give up its domestic macroeconomic independence. On the other, a flexible exchange rate may carry substantial costs in terms of inflation. Contributors to this volume argue that the costs and benefits of fixed versus flexible rates vary systematically across different types of economies. Currency-board fixed exchange rate systems have definite attractions for relatively small open economies but make much less sense for large economies.
- They also conclude that attempts to avoid the basic choice between fixed and flexible rates by adopting temporarily pegged exchange rates have generally ended in failure.
- Series Statement
- The political economy of global interdependence
- Uniform Title
- Political economy of global interdependence.
- Subjects
- Bibliography (note)
- Includes bibliographical references.
- Contents
- Introduction / Richard J. Sweeney, Clas Wihlborg and Thomas D. Willett -- 1. The Case for Hard Currency Strategies for Emerging Market Economies / Eduard Hochreiter -- 2. Is Optimum Currency Area Theory Irrelevant for Economies in Transition? / Linda S. Goldberg -- 3. The Relevance of the Optimum Currency Area Approach for Exchange Rate Policies in Emerging Market Economies / Thomas D. Willett and Clas Wihlborg -- 4. Exchange Rates as Nominal Anchors: An Overview of the Issues / Jilleen R. Westbrook and Thomas D. Willett -- 5. Central European Exchange Rate Policy and Inflation / Richard C. K. Burdekin, Heidi Nelson and Thomas D. Willett -- 6. The Baltic States: Alternative Routes to Credibility / Gediminas Dubauskas, Clas Wihlborg and Thomas D. Willett -- 7. Exchange Rate Based Stabilization Policy in Latin America / Pamela Martin, Jilleen R. Westbrook and Thomas D. Willett --
- 8. Is Pegging the Exchange Rate a Cure for Inflation? East Asian Experiences / Reuven Glick, Michael Hutchison and Ramon Moreno -- 9. Intervention Strategy and Purchasing Power Parity / Richard J. Sweeney -- 10. Trade and Payments in Eastern European Economic Reform / Sven W. Arndt -- 11. Real Exchange Rate Targeting in Economies in Transition and the Sterilization Problem: The Hungarian Experience / Pierre L. Siklos and Istvan Abel -- 12. Exchange Rate Crises: Are Currency Boards the Answer for Emerging Market Economies? / Richard J. Sweeney -- 13. The Estonian Currency Board / Marten Ross -- 14. The Lithuanian Currency Board / Gediminas Dubauskas -- 15. The Czech Case: Fixed Exchange Rates through Stages of Transition / Miroslav Hrncir -- 16. Exchange Rate Policy in Hungary Between 1989 and Mid 1995 / Pal Gaspar -- 17. Poland's Exchange Rate Policy in the 1990s / Tadeusz Kowalski and Renata Stawarska --
- 18. An Evaluation of Optimal Currency Areas for the Commonwealth of Independent States / King Banaian and Eugenue Zhukov.
- ISBN
- 081333019X (alk. paper)
- LCCN
- 98030421
- OCLC
- 39539535
- ocm39539535
- Owning Institutions
- Columbia University Libraries