Förlagets beskrivning
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 type of exchange rate.
Contributors to this volume argue that the costs and benefits of fixed versus
flexible rates vary systematically across different types of economies }With
the collapse of the former Soviet Union, many countries were faced with the
need to establish national currencies. A number of additional formerly
communist countries were forced to fundamentally adjust their monetray policies
to deal with the transition to market-oriented economies. The process of
liberalization in dozens of developing countrys left their governments faced
with similar, if lesser, challenges. International financial crises in
Bulgaria, the Czech Republic and Russia in Europe, Argentina and Mexico in
Latin America, and Indonesia, Malaysia, the Philippines and Thailand in Asia
have made front-page news in the last several years. These crises vividly illustrate the costs of inconsistencies between the
domestic and international aspects of national financial policies.This volume
deals with the most important international aspect of these challenges to
national monetray policies in emerging market economiesthe choice of exchange
rate regime. A distinguished group of Western economists and Central European
economists and officials review the recent experiences and the former communist
and many developing countries and discuss the major lessons to be drawn. } A significant aspect of the management of convertible currencies involves
their relationships with the world economy, which is determined partly by type
of exchange rate. Contributors to this volume argue that the costs and benefits
of fixed and flexible rates, respectively, vary systematically.
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Exchange-Rate Policies for Emerging Market Economies
Bokrecensioner » Exchange-Rate Policies for Emerging Market Economies (Political Economy of Global Interdependence)
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