Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues by Takatoshi Ito | NOOK Book (eBook) | Barnes & Noble
Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues

Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues

by Takatoshi Ito
     
 

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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

Overview

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.

Editorial Reviews

Booknews
Contains edited versions of papers presented at the NBER-East Asia Seminar on Economics' seventh annual conference, held in Hong Kong, China, in June 1996. They explore the impact of diverse exchange rate control regimes in both historical and regional contexts, focusing particular attention on East Asia. Topics discussed include resource endowments and the real exchange rate in Latin America and East Asia, evidence from South Korea and Taiwan on private consumption and nontraded goods, and American mercantile pressure on Japanese monetary policy from 1971 to 1995. Annotation c. Book News, Inc., Portland, OR (booknew.com)

Product Details

ISBN-13:
9780226386935
Publisher:
University of Chicago Press
Publication date:
12/01/2007
Series:
National Bureau of Economic Research East Asia Seminar on Economics , #7
Sold by:
Barnes & Noble
Format:
NOOK Book
Pages:
464
File size:
10 MB

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