Exchange-rate Policies For Emerging Market Economies

by Richard J Sweeney

Overview

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

Product Details

ISBN-13:	9780429721069
Publisher:	Taylor & Francis
Publication date:	03/13/2019
Sold by:	Barnes & Noble
Format:	eBook
Pages:	404
Lexile:	1580L (what's this?)
File size:	7 MB

About the Author

Sweeney, Richard J

Table of Contents

Introduction -- Fixed vs Flexible Exchange Rates: The Debate Continues -- The Case for Hard Currency Strategies for Emerging Market Economies -- Is Optimum Currency Area Theory Irrelevant for Economies in Transition? -- The Relevance of the Optimum Currency Area Approach for Exchange Rate Policies in Emerging Market Economies -- Exchange Rate Pegging as an Anti-Inflation Strategy -- Exchange Rates as Nominal Anchors: An Overview of the Issues -- Central European Exchange Rate Policy and Inflation -- The Baltic States: Alternative Routes to Credibility -- Exchange Rate Based Stabilization Policy in Latin America -- Is Pegging the Exchange Rate a Cure for Inflation? East Asian Experiences -- Issues for Exchange Rate Management -- Intervention Strategy and Purchasing Power Parity -- Trade and Payments in Eastern European Economic Reform -- Real Exchange Rate Targeting in Economies in Transition and the Sterilization Problem: The Hungarian Experience -- Currency Areas and Currency Boards -- Exchange Rate Crises: Are Currency Boards the Answer for Emerging Market Economies? -- The Estonian Currency Board -- The Lithuanian Currency Board -- Experiences from the Emerging Market Economies -- The Czech Case: Fixed Exchange Rates Through Stages of Transition -- Exchange Rate Policy in Hungary Between 1989 and Mid 1995 -- Poland's Exchange Rate Policy in the 1990s -- An Evaluation of Optimal Currency Areas for the Commonwealth of Independent States

Editorial Reviews

The third and final volume resulting from a project on international and monetary aspects of economic reform in formerly communist countries. The idea was to have economists from the west and from the target countries hammer out an agreement at least on what the key issues were, if not appropriate policy measures to address them. The 18 reports cover fixed versus flexible exchange rates, pegging exchange rates as an anti-inflation strategy, issues for managing exchange rates, currency areas and currency boards, and experiences from the emerging market economies. The first two volumes consider monetary stability and capital controls. No index. Annotation c. by Book News, Inc., Portland, Or.

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