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001385914 1001_ $$aCorden, W. M.$$q(Warner Max)
001385914 24510 $$aToo sensational :$$bon the choice of exchange rate regimes /$$cW. Max Corden.
001385914 260__ $$aCambridge, Mass. :$$bMIT Press,$$c©2002.
001385914 300__ $$a1 online resource (xiv, 274 pages) :$$billustrations.
001385914 336__ $$atext$$btxt$$2rdacontent
001385914 337__ $$acomputer$$bc$$2rdamedia
001385914 338__ $$aonline resource$$bcr$$2rdacarrier
001385914 4901_ $$aThe Ohlin lectures ;$$v9
001385914 506__ $$aAccess limited to authorized users.
001385914 520__ $$aMost of the literature on exchange rate regimes has focused on the developed countries. Since the recent crises in emerging markets, however, attention has shifted to the choice of exchange rate regimes for developing countries, especially those that are more integrated into the world capital markets. In Too Sensational, W. Max Corden presents a systematic and accessible overview of the choice of exchange rate regimes. Reviewing many types of regimes, he shows how the choice of an exchange rate regime is related to both fiscal policy and trade policy.Building on the theory of optimum currency areas, Corden develops an analytic framework of three approaches (nominal anchor, real targets, and exchange rate stability) and three polar exchange rate regimes (absolutely fixed, pure floating, and fixed but adjustable). He considers all other regimes to be mixtures of two or three of the polar regimes.Beginning with theory and later turning to case studies of countries in Asia, Europe, and Latin America, Corden focuses on how economies react to negative and positive shocks under various exchange rate regimes. He examines in particular the Asian and Latin American currency crises of the 1990s. He concludes that although "too sensational" crises have discredited fixed but adjustable regimes, the extremes of absolutely fixed regimes or pure floating regimes need not be chosen.
001385914 588__ $$aOCLC-licensed vendor bibliographic record.
001385914 650_0 $$aForeign exchange rates.
001385914 650_0 $$aForeign exchange.
001385914 653__ $$aECONOMICS/Trade & Development
001385914 655_0 $$aElectronic books
001385914 852__ $$bebk
001385914 85640 $$3MIT Press$$uhttps://univsouthin.idm.oclc.org/login?url=https://doi.org/10.7551/mitpress/6838.001.0001?locatt=mode:legacy$$zOnline Access through The MIT Press Direct
001385914 85642 $$3OCLC metadata license agreement$$uhttp://www.oclc.org/content/dam/oclc/forms/terms/vbrl-201703.pdf
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001385914 980__ $$aBIB
001385914 980__ $$aEBOOK
001385914 982__ $$aEbook
001385914 983__ $$aOnline