Exchange Rate Misalignment: Concepts and Measurement for Developing Countries
USA, Oxford University Press; Montiel, Peter J.; Hinkle, Lawrence E.
ISBN 10: 019521126X ISBN 13: 9780195211269
Verlag: World Bank Publications (edition 1), 1999
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It's a well-cared-for item that has seen limited use. The item may show minor signs of wear. All the text is legible, with all pages included. It may have slight markings and/or highlighting. Bestandsnummer des Verkäufers 019521126X-8-1
Inhaltsangabe:
The 1994 devaluation of CFA francs in West Africa, the Mexican currency crisis in that same year, and the Asian crises that erupted in mid-1997 are reminders of the severe dislocations that can be caused by exchange rate misalignment. However a consensus on the importance of preventing exchange rate misalignment has not provided systematic guidance on definitions and measurement. Recent macroeconomic disruptions support the argument that growing financial integration has increased the urgency of providing accurate measures of long-run equilibrium exchange rates. For its analytical depth and its practical techniques for measurement, Exchange Rate Misalignment is an invaluable resource for policymakers and foreign exchange specialists in both the public and private sectors.
Críticas:
an invaluable compendium of the state of the debate on LRER and of RER misalighnments. It offers wide-ranging reviews of existing literature, concepts and techniques and is interesting in its eclectiscism of the most suitable concepts or estimation approaches for the questions at hand. (Christopher Tsoukis, Journal of Development Studies)
more than anything else, it is invaluable for promoting the debate on the appropriate levels of exchange rates and misalignments (Christopher Tsoukis, Journal of Development Studies)
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Titel: Exchange Rate Misalignment: Concepts and ...
Verlag: World Bank Publications (edition 1)
Erscheinungsdatum: 1999
Einband: Hardcover
Zustand: Very Good
Auflage: 1.
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Exchange Rate Misalignment: Concepts and Measurement for Developing Countries
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Zustand: Sehr gut. Zustand: Sehr gut | Seiten: 632 | Sprache: Englisch | Produktart: Bücher | Exchange Rate Misalignment examines the severe dislocations that can be caused by exchange rate misalignment and shows how there is no systematic guidance on the definitions and measurement of prevention. It explores how recent macroeconomic disruptions support the argument that growing financial integration has increased the need for providing accurate measures of long-run equilibrium exchange rates. Artikel-Nr. 2173704/122
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