Exchange Rate Regimes for Emerging Markets – Reviving the Intermediate Option: 60 (Policy Analyses in International Economics) - Softcover

Williamson, John

 
9780881322934: Exchange Rate Regimes for Emerging Markets – Reviving the Intermediate Option: 60 (Policy Analyses in International Economics)
Softcover
ISBN 10: 0881322938 ISBN 13: 9780881322934
Verlag: The Peterson Institute for International Economics, 2000

Inhaltsangabe

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.

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Über die Autorin bzw. den Autor

John Williamson, senior fellow (retired), was associated with the Institute from 1981 to 2012. He was project director for the UN High-Level Panel on Financing for Development (the Zedillo Report) in 2001; on leave as chief economist for South Asia at the World Bank during 1996-99; economics professor at Pontifica Universidade Católica do Rio de Janeiro (1978-81), University of Warwick (1970-77), Massachusetts Institute of Technology (1967, 1980), University of York (1963-68), and Princeton University (1962-63); adviser to the International Monetary Fund (1972-74); and economic consultant to the UK Treasury (1968-70).

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Verlag
The Peterson Institute for International Economics
Erscheinungsdatum
2000
Sprache
Englisch
ISBN 10 
0881322938
ISBN 13 
9780881322934
Einband
Tapa blanda
Anzahl der Seiten
108
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Verantwortliche Person
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