Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy IssuesTakatoshi Ito, Anne O. Krueger University of Chicago Press, 1 dic 2007 - 464 páginas The exchange rate is a crucial variable linking a nation's domestic economy to the international market. Thus choice of an exchange rate regime is a central component in the economic policy of developing countries and a key factor affecting economic growth. Historically, most developing nations have employed strict exchange rate controls and heavy protection of domestic industry-policies now thought to be at odds with sustainable and desirable rates of economic growth. By contrast, many East Asian nations maintained exchange rate regimes designed to achieve an attractive climate for exports and an "outer-oriented" development strategy. The result has been rapid and consistent economic growth over the past few decades. Changes in Exchange Rates in Rapidly Developing Countries explores the impact of such diverse exchange control regimes in both historical and regional contexts, focusing particular attention on East Asia. This comprehensive, carefully researched volume will surely become a standard reference for scholars and policymakers. |
Índice
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Theory Practice and Policy Issues 2 Contagious Currency Crises Channels of Conveyance | 29 |
Theory Practice and Policy Issues 3 Current Account Deficits and Capital Flows in East Asia and Latin America Are the Early Nineties Different from... | 57 |
Theory Practice and Policy Issues 4 Economic Growth and Real Exchange Rate An Overview of the BalassaSamuelson Hypothesis in Asia | 109 |
Theory Practice and Policy Issues 5 Resource Endowments and the Real Exchange Rate A Comparison of Latin America and East Asia | 133 |
Theory Practice and Policy Issues 6 Private Consumption Nontraded Goods and Real Exchange Rate Evidence from South Korea and Taiwan | 155 |
Theory Practice and Policy Issues 7 The Yen and Its East Asian Neighbors 19801995 Cooperation or Competition? | 185 |
Theory Practice and Policy Issues 10 Issues in Korean Exchange Rate Policy | 269 |
Theory Practice and Policy Issues 11 Liberalization of Capital Flows in Korea Big Bang or Gradualism? | 285 |
Theory Practice and Policy Issues 12 The Foreign Exchange Allocation Policy in Postwar Japan Its Institutional Framework and Function | 311 |
Theory Practice and Policy Issues 13 The Syndrome of the EverHigher Yen 19711995 America Mercantile Pressure on Japanese Monetary Policy | 341 |
Theory Practice and Policy Issues 14 Testing for the Fundamental Determinants of the LongRun Real Exchange Rate The Case of Taiwan | 377 |
Theory Practice and Policy Issues 15 Hong Kongs Currency Board and Changing Monetary Regimes | 403 |
Theory Practice and Policy Issues Contributors | 437 |
Theory Practice and Policy Issues Author Index | 441 |
Theory Practice and Policy Issues 8 Exchange Rate Passthrough and Industry Characteristics The Case of Taiwans Exports of Midstream Petrochemic... | 211 |
Theory Practice and Policy Issues 9 Evaluation of Koreas Exchange Rate Policy | 235 |
Otras ediciones - Ver todo
Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice ... Takatoshi Ito,Anne O. Krueger No hay ninguna vista previa disponible - 1999 |
Términos y frases comunes
adjustment average Bank of Japan behavior capital inflows coefficient cointegration contagion crises crisis currency board current account deficits depreciation devaluation developing countries domestic price East Asian empirical equation estimated exchange rate changes exchange rate movements exchange rate policy exchange rate regime export price external debt factors fiscal foreign exchange allocation foreign exchange budget GDP deflator growth rate Hong Kong important increase Indonesian rupiah industries interest rate International International Monetary Fund investment Japanese yen Korea Korean won labor lagged Latin America liberalization long-run macroeconomic Malaysia Malaysian ringgit manufacturing MITI monetary policy nominal exchange rate output paper pegged petrochemical price level ratio real exchange rate real wage regression relative price Research significant Singapore Singapore dollar stationarity Statistics structural supply shocks Table Taiwan Thai baht Thailand tion tradable prices trend U.S. dollar United variables weight yen appreciation yen-dollar rate