Exchange Policies For Less Developed Countries In A World Of Floating Rates
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Exchange Policies for Less Developed Countries in a World of Floating Rates
Author | : Stanley W. Black |
Publsiher | : Princeton, N.J. : International Finance Section, Department of Economics, Princeton University |
Total Pages | : 60 |
Release | : 1976 |
Genre | : Business & Economics |
ISBN | : UOM:49015001170829 |
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Floating Exchange Rates in Developing Countries
Author | : Peter J. Quirk |
Publsiher | : International Monetary Fund |
Total Pages | : 58 |
Release | : 1987-05-15 |
Genre | : Business & Economics |
ISBN | : UCSD:31822015452790 |
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In recent years, an increasing number of developing countries have adopted market-determined floating exchange rates. This development has represented a significant step forward in the evolution toward exchange rate flexibility that has taken place in the developing country group since the adoption of generalized floating by industrial countries in 1973.
The International Monetary System and the Developing Nations
Author | : Danny M. Leipziger |
Publsiher | : Unknown |
Total Pages | : 216 |
Release | : 1976 |
Genre | : Developing countries |
ISBN | : MSU:31293016248845 |
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Edited conference report on the effects of the international monetary system on developing countries - discusses exchange rate policies and floating currencys, Terms of Trade and monetary transfers, petroleum price increases, foreign exchange reserves and financing needs of such countries, etc. Diagrams, references and statistical tables. Conference held in Washington dc 1975 June 4.
Inflation Targeting and Exchange Rate Management In Less Developed Countries
Author | : Mr. Marco Airaudo |
Publsiher | : International Monetary Fund |
Total Pages | : 65 |
Release | : 2016-03-08 |
Genre | : Business & Economics |
ISBN | : 9781475523164 |
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We analyze coordination of monetary and exchange rate policy in a two-sector model of a small open economy featuring imperfect substitution between domestic and foreign financial assets. Our central finding is that management of the exchange rate greatly enhances the efficacy of inflation targeting. In a flexible exchange rate system, inflation targeting incurs a high risk of indeterminacy where macroeconomic fluctuations can be driven by self-fulfilling expectations. Moreover, small inflation shocks may escalate into much larger increases in inflation ex post. Both problems disappear when the central bank leans heavily against the wind in a managed float.
Exchange Rate Misalignment in Developing Countries
Author | : Sebastian Edwards,World Bank |
Publsiher | : Johns Hopkins University Press |
Total Pages | : 110 |
Release | : 1988 |
Genre | : Business & Economics |
ISBN | : STANFORD:36105040907409 |
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This article analyzes the theory of equilibrium real exchange rates and defines misalignment as a deviation of the real exchange rate (RER) from its equilibrium level. The role of macroeconomic policies is then analyzed under three alternative nominal exchange rate regimes: predetermined nominal exchange rates; floating nominal rates; and dual or black market nominal exchange rates. This discussion points out how inconsistent macroeconomic policies often lead to real exchange rate misalignment. Corrective measures, including nominal devaluation and several alternative approaches, are then evaluated.
Stabilization Policies in Developing Countries with a Parallel Market for Foreign Exchange
Author | : Pierre-Richard Agénor |
Publsiher | : International Monetary Fund |
Total Pages | : 44 |
Release | : 1990-03-01 |
Genre | : Business & Economics |
ISBN | : 9781451923230 |
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The paper develops and tests a model of a developing economy that incorporates trade and capital restrictions, illegal transactions, a parallel foreign exchange market, currency substitution features, and forward-looking rational expectations. Temporary expansionary demand policies are associated with an increase in output and prices, a fall in the stock of net foreign assets, and a depreciation of the parallel exchange rate. The speed of adjustment is inversely related to the degree of rationing in the official foreign currency market. A once-for–all devaluation of the official exchange rate has no long-term effect on the premium.
Fixed or Flexible
Author | : International Monetary Fund |
Publsiher | : International Monetary Fund |
Total Pages | : 28 |
Release | : 1998-04-17 |
Genre | : Business & Economics |
ISBN | : 1557756929 |
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This paper examines the recent evolution of exchange rate policies inthe developing world. It looks at why so many countries have made a transition from fixed or "pegged" exchange rates to "managed floating"currencies. It discusses how economies perform under different exchangerate arrangements, issues in the choice of regime, and the challenges poised by a world of increasing capital mobility, especially when bankingsectors are inadequately regulated or supervised.
The International Monetary System and Exchange Rate Policies in the Developing Countries
Author | : Bela A. Balassa |
Publsiher | : Unknown |
Total Pages | : 34 |
Release | : 1987 |
Genre | : Currency question |
ISBN | : IND:30000053097360 |
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