Exchange Rate Regimes: Fixed, Flexible or Something in Between?

by Imad A. Moosa

Overview

China recently uncoupled its currency from the US dollar. Moosa (finance, La Trobe U., Australia), an expert on international finance and a former investment banker, explains the exchange rate, its role in the economy, and ongoing debates over exchange rate regime choice. He discusses theoretical and practical regime classifications, their relation to macroeconomic performance, arguments for and against "dollarization" and fixed vs. flexible rates, why these choices are dilemmas for developing countries, and empirical models of rate regime choice. The volume concludes with case studies of exchange rate regime choices in regions/countries including Asia, Iraq, Peru, and the UK. Annotation ©2005 Book News, Inc., Portland, OR

Product Details

ISBN-13:	9780230567368
Publisher:	Palgrave Macmillan
Publication date:	03/28/2006
Sold by:	Barnes & Noble
Format:	eBook
File size:	3 MB

About the Author

Imad A. Moosa is Professor of Finance at La Trobe University, Australia.

Table of Contents

List of Tables List of Figures Preface List of Abbreviations Background and Overview The Role of the Exchange Rate in the Economy Fixed versus Flexible Exchange Rates: The Ever-lasting Debate The Taxonomy of Exchange Rate Regimes: Theoretical and Practical Classification Schemes The Taxonomy of Exchange Rate Regimes: Official and Behavioural Classification Schemes The History of Exchange Rate Arrangements Macroeconomic Performance and Exchange Rate Regimes Modelling Exchange Rate Regime Choice Case Studies References Index