Exchange Policies for Less Developed Countries in a World of Floating Rates - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Exchange Policies for Less Developed Countries in a World of Floating Rates write by Stanley W. Black. This book was released on 1976. Exchange Policies for Less Developed Countries in a World of Floating Rates available in PDF, EPUB and Kindle.
The International Monetary System and the Developing Nations
The International Monetary System and the Developing Nations - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The International Monetary System and the Developing Nations write by Danny M. Leipziger. This book was released on 1976. The International Monetary System and the Developing Nations available in PDF, EPUB and Kindle. Edited conference report on the effects of the international monetary system on developing countries - discusses exchange rate policies and floating currencys, Terms of Trade and monetary transfers, petroleum price increases, foreign exchange reserves and financing needs of such countries, etc. Diagrams, references and statistical tables. Conference held in Washington dc 1975 June 4.
Exchange Rate Misalignment in Developing Countries
Exchange Rate Misalignment in Developing Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Exchange Rate Misalignment in Developing Countries write by Sebastian Edwards. This book was released on 1988. Exchange Rate Misalignment in Developing Countries available in PDF, EPUB and Kindle. This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium level. The role of macroeconomic policies is then analyzed under three alternative nominal exchange rate regimes: predetermined nominal exchange rates; floating nominal rates; and dual or black market nominal exchange rates. This discussion points out how inconsistent macroeconomic policies often lead to real exchange rate misalignment. Corrective measures, including nominal devaluation and several alternative approaches, are then evaluated.
Trade, the Balance of Payments and Exchange Rate Policy in Developing Countries
Trade, the Balance of Payments and Exchange Rate Policy in Developing Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Trade, the Balance of Payments and Exchange Rate Policy in Developing Countries write by A. P. Thirlwall. This book was released on 2003. Trade, the Balance of Payments and Exchange Rate Policy in Developing Countries available in PDF, EPUB and Kindle. This book is a synthesis of the author's ideas and research concerning the monetary consequences of trade flows, and the relevance of conventional balance of payments adjustment theory. These ideas are considered mainly in the context of developing countries, many of which suffer from deep structural difficulties and severe foreign exchange shortages. Mainstream economic theory regards the balance of payments to be self-adjusting, meaning that the impact of the balance of payments on the growth and development process is neither considered nor analysed. In contrast, the author emphasises the importance of integrating monetary considerations into trade theory and argues that the balance of payments consequences of trade policy need to be carefully addressed. This approach has a number of implications for important issues such as the sequencing of trade liberalisation; the role of the exchange rate in equilibrating the balance of payments; the case for protection; and the way in which the importance of export growth is articulated. Some of the ideas expressed have a long and distinguished ancestry, but they are not part of the mainstream orthodoxy and need airing in a world increasingly divided into rich and poor countries. The author also considers the case for a new international economic order which would better serve the needs of developing countries, particularly by stabilising primary product prices and controlling speculative capital flows. Trade and development economists, and policymakers concerned with economic growth and development, will appreciate the original and illuminating research in this book.
Changes in Exchange Rates in Rapidly Developing Countries
Changes in Exchange Rates in Rapidly Developing Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Changes in Exchange Rates in Rapidly Developing Countries write by Takatoshi Ito. This book was released on 2007-12-01. Changes in Exchange Rates in Rapidly Developing Countries available in PDF, EPUB and Kindle. The exchange rate is a crucial variable linking a nation's domestic economy to the international market. Thus choice of an exchange rate regime is a central component in the economic policy of developing countries and a key factor affecting economic growth. Historically, most developing nations have employed strict exchange rate controls and heavy protection of domestic industry-policies now thought to be at odds with sustainable and desirable rates of economic growth. By contrast, many East Asian nations maintained exchange rate regimes designed to achieve an attractive climate for exports and an "outer-oriented" development strategy. The result has been rapid and consistent economic growth over the past few decades. Changes in Exchange Rates in Rapidly Developing Countries explores the impact of such diverse exchange control regimes in both historical and regional contexts, focusing particular attention on East Asia. This comprehensive, carefully researched volume will surely become a standard reference for scholars and policymakers.
