{"product_id":"exchange-rate-regimes-for-emerging-john-williamson-9780881322934","title":"Exchange Rate Regimes for Emerging Markets: Reviving the Intermediate Option","description":"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.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e John Williamson\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0881322938\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780881322934\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Peterson Institute for International Economic\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/01\/2000\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 108\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 1.18lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 6.32h x 2.94w x 0.94d\u003cbr\u003e\u003cbr\u003e\u003cb\u003eReview Citation(s): \u003c\/b\u003e\u003cbr\u003e\u003ci\u003eReference and Research Bk News\u003c\/i\u003e 02\/01\/2001 pg. 98","brand":"John Williamson","offers":[{"title":"Paperback","offer_id":48449041662207,"sku":"9780881322934","price":15.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_b348e448-0a8e-4d64-a360-2940a8f62eef.jpg?v=1777261697","url":"https:\/\/www.whiterainbookhouse.com\/products\/exchange-rate-regimes-for-emerging-john-williamson-9780881322934","provider":"WR Book House","version":"1.0","type":"link"}