Author : Michael D. Bordo
Release : 2003-08-01
Genre : Business & Economics
Kind : eBook
Book Rating : 764/5 ( reviews)
Book Synopsis Exchange Rate Regime Choice in Historical Perspective by : Michael D. Bordo
Download or read book Exchange Rate Regime Choice in Historical Perspective written by Michael D. Bordo. This book was released on 2003-08-01. Available in PDF, EPUB and Kindle. 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.