Exchange rate regimes choices and consequences

An empirical study of exchange rate regimes based on data compiled from 150 member countries of the International Monetary Fund over the past thirty years.Few topics in international economics are as controversial as the choice of an exchange rate regime. Since the breakdown of the Bretton Woods sys...

Full description

Bibliographic Details
Main Author: Ghosh, Atish R.
Other Authors: Gulde, Anne Marie, Wolf, Holger C.
Format: eBook
Language:English
Published: Cambridge, Mass. MIT Press 2002
Subjects:
Online Access:
Collection: MIT Press eBook Archive - Collection details see MPG.ReNa
LEADER 02505nmm a2200337 u 4500
001 EB002069439
003 EBX01000000000000001209529
005 00000000000000.0
007 cr|||||||||||||||||||||
008 220922 ||| eng
020 |a 9780585443911 
020 |a 0585443912 
020 |a 0262273772 
020 |a 9780262273770 
050 4 |a HG3851 
100 1 |a Ghosh, Atish R. 
245 0 0 |a Exchange rate regimes  |h Elektronische Ressource  |b choices and consequences  |c Atish R. Ghosh, Anne-Marie Gulde, Holger C. Wolf 
260 |a Cambridge, Mass.  |b MIT Press  |c 2002 
300 |a 232 pages  |b illustrations 
653 |a International finance 
653 |a ECONOMICS/Macroeconomics 
653 |a Foreign exchange rates 
653 |a ECONOMICS/Trade & Development 
700 1 |a Gulde, Anne Marie 
700 1 |a Wolf, Holger C. 
041 0 7 |a eng  |2 ISO 639-2 
989 |b MITArchiv  |a MIT Press eBook Archive 
028 5 0 |a 10.7551/mitpress/2898.001.0001 
856 4 0 |u https://doi.org/10.7551/mitpress/2898.001.0001?locatt=mode:legacy  |x Verlag  |3 Volltext 
082 0 |a 332.4/5 
520 |a An empirical study of exchange rate regimes based on data compiled from 150 member countries of the International Monetary Fund over the past thirty years.Few topics in international economics are as controversial as the choice of an exchange rate regime. Since the breakdown of the Bretton Woods system in the early 1970s, countries have adopted a wide variety of regimes, ranging from pure floats at one extreme to currency boards and dollarization at the other. While a vast theoretical literature explores the choice and consequences of exchange rate regimes, the abundance of possible effects makes it difficult to establish clear relationships between regimes and common macroeconomic policy targets such as inflation and growth.This book takes a systematic look at the evidence on macroeconomic performance under alternative exchange rate regimes, drawing on the experience of some 150 member countries of the International Monetary Fund over the past thirty years. Among other questions, it asks whether pegging the exchange rate leads to lower inflation, whether floating exchange rates are associated with faster output growth, and whether pegged regimes are particularly prone to currency and other crises. The book draws on history and theory to delineate the debate and on standard statistical methods to assess the empirical evidence, and includes a CD-ROM containing the data set used