Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues
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.
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Theory Practice and Policy Issues 3 Current Account Deficits and Capital Flows in East Asia and Latin America Are the Early Nineties Different from...
Theory Practice and Policy Issues 4 Economic Growth and Real Exchange Rate An Overview of the BalassaSamuelson Hypothesis in Asia
Theory Practice and Policy Issues 5 Resource Endowments and the Real Exchange Rate A Comparison of Latin America and East Asia
Theory Practice and Policy Issues 6 Private Consumption Nontraded Goods and Real Exchange Rate Evidence from South Korea and Taiwan
Theory Practice and Policy Issues 7 The Yen and Its East Asian Neighbors 19801995 Cooperation or Competition?
Theory Practice and Policy Issues 8 Exchange Rate Passthrough and Industry Characteristics The Case of Taiwans Exports of Midstream Petrochemic...
Theory Practice and Policy Issues 11 Liberalization of Capital Flows in Korea Big Bang or Gradualism?
Theory Practice and Policy Issues 12 The Foreign Exchange Allocation Policy in Postwar Japan Its Institutional Framework and Function
Theory Practice and Policy Issues 13 The Syndrome of the EverHigher Yen 19711995 America Mercantile Pressure on Japanese Monetary Policy
Theory Practice and Policy Issues 14 Testing for the Fundamental Determinants of the LongRun Real Exchange Rate The Case of Taiwan
Theory Practice and Policy Issues 15 Hong Kongs Currency Board and Changing Monetary Regimes
Theory Practice and Policy Issues Contributors
Theory Practice and Policy Issues Author Index
Theory Practice and Policy Issues 9 Evaluation of Koreas Exchange Rate Policy
Theory Practice and Policy Issues 10 Issues in Korean Exchange Rate Policy
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