Fixed or Flexible Exchange Rates? History and Perspectives - 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 Fixed or Flexible Exchange Rates? History and Perspectives write by Marin Muzhani. This book was released on 2018-05-15. Fixed or Flexible Exchange Rates? History and Perspectives available in PDF, EPUB and Kindle. This book compares and contrasts flexible versus fixed exchange rate regimes. Beginning with their theoretical justifications, it showcases their observed advantages and disadvantages as they played out in the currency crises of the 1990s and early 2000s across Asia, Europe and Latin America. An analysis of the drivers and implications of these crises singles out fast-paced liberalization and globalization as having played central roles. Moreover it sheds light on some of the factors contributing to the 2008 financial crisis and the key monetary events in its aftermath. An accessible, yet rigorous discussion, supported by extensive evidence, helps readers reach their own conclusions regarding the respective merits of alternative exchange rate systems.
Flexible Exchange Rates in Historical Perspective
Flexible Exchange Rates in Historical Perspective - 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 Flexible Exchange Rates in Historical Perspective write by Peter Bernholz. This book was released on 1982. Flexible Exchange Rates in Historical Perspective available in PDF, EPUB and Kindle.
Exchange Rate Regime Choice in Historical Perspective
Exchange Rate Regime Choice in Historical Perspective - 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 Regime Choice in Historical Perspective write by Michael D. Bordo. This book was released on 2003-08-01. Exchange Rate Regime Choice in Historical Perspective available in PDF, EPUB and Kindle. 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.
Swiss Monetary History since the Early 19th Century
Swiss Monetary History since the Early 19th Century - 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 Swiss Monetary History since the Early 19th Century write by Ernst Baltensperger. This book was released on 2017-08-03. Swiss Monetary History since the Early 19th Century available in PDF, EPUB and Kindle. This book describes the remarkable path which led to the Swiss Franc becoming the strong international currency that it is today. Ernst Baltensperger and Peter Kugler use Swiss monetary history to provide valuable insights into a number of issues concerning the organization and development of monetary institutions and currency that shaped the structure of financial markets and affected the economic course of a country in important ways. They investigate a number of topics, including the functioning of a world without a central bank, the role of competition and monopoly in money and banking, the functioning of monetary unions, monetary policy of small open economies under fixed and flexible exchange rates, the stability of money demand and supply under different monetary regimes, and the monetary and macroeconomic effects of Swiss Banking and Finance. Swiss Monetary History since the Early 19th Century illustrates the value of monetary history for understanding financial markets and macroeconomics today.
Evolution and Performance of Exchange Rate Regimes
Evolution and Performance of Exchange Rate Regimes - 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 Evolution and Performance of Exchange Rate Regimes write by Mr.Kenneth Rogoff. This book was released on 2003-12-01. Evolution and Performance of Exchange Rate Regimes available in PDF, EPUB and Kindle. Using recent advances in the classification of exchange rate regimes, this paper finds no support for the popular bipolar view that countries will tend over time to move to the polar extremes of free float or rigid peg. Rather, intermediate regimes have shown remarkable durability. The analysis suggests that as economies mature, the value of exchange rate flexibility rises. For countries at a relatively early stage of financial development and integration, fixed or relatively rigid regimes appear to offer some anti-inflation credibility gain without compromising growth objectives. As countries develop economically and institutionally, there appear to be considerable benefits to more flexible regimes. For developed countries that are not in a currency union, relatively flexible exchange rate regimes appear to offer higher growth without any cost in credibility.
