Exchange Rate Regime Choice in Historical Perspective
Download or Read eBook Exchange Rate Regime Choice in Historical Perspective PDF written by Michael D. Bordo and published by International Monetary Fund. This book was released on 2003-08-01 with total page 29 pages. Available in PDF, EPUB and Kindle.
Author | : Michael D. Bordo |
Publisher | : International Monetary Fund |
Total Pages | : 29 |
Release | : 2003-08-01 |
ISBN-10 | : 9781451857764 |
ISBN-13 | : 1451857764 |
Rating | : 4/5 (64 Downloads) |
Book Synopsis Exchange Rate Regime Choice in Historical Perspective by : Michael D. Bordo
Book excerpt: 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 their macroeconomic performance. The penultimate section provides a brief history of monetary regimes in industrial and emerging economies. The conclusion considers the case for a managed float regime for today's emerging economies.