Exchange Rate Regimes for Emerging Markets: Reviving the Intermediate Option by Williamson, John

Exchange Rate Regimes for Emerging Markets: Reviving the Intermediate Option (Paperback) (ISBN-13: 9780881322934)

Vendor: John Williamson
Product type: Books
Format: Paperback
$15.95
$15.95
$15.95
Subtotal: $15.95
Exchange Rate Regimes for Emerging Markets: Reviving the Intermediate Option by Williamson, John

Exchange Rate Regimes for Emerging Markets: Reviving the Intermediate Option

$15.95
Exchange Rate Regimes for Emerging Markets: Reviving the Intermediate Option by Williamson, John

Exchange Rate Regimes for Emerging Markets: Reviving the Intermediate Option

$15.95
Format: Paperback
Description
Description
x
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.

Author: John Williamson
ISBN-10: 0881322938
ISBN-13: 9780881322934
Publisher: Peterson Institute for International Economic
Language: English
Published: 09/01/2000
Pages: 108
Format: Paperback
Weight: 1.18lbs
Size: 6.32h x 2.94w x 0.94d

Review Citation(s):
Reference and Research Bk News 02/01/2001 pg. 98
By John Williamson
By John Williamson
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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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