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The Collapse of Exchange Rate Regimes: Causes, Consequences and Policy Responses
George S. . Ed(S): Tavlas
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Description for The Collapse of Exchange Rate Regimes: Causes, Consequences and Policy Responses
paperback. Editor(s): Tavlas, George S. Num Pages: 247 pages, biography. BIC Classification: KCB; KCL. Category: (P) Professional & Vocational. Dimension: 240 x 160 x 14. Weight in Grams: 414.
ical) and to self-fulfilling currency crisis, respectively. Research stressing the former approach was pioneered by Krugman (1979) and Flood and Garber (1984). According to this line of research, the failure of governments to adopt domestic monetary and fiscal policies consistent with their stated exchange rate targets leads to a gradual diminution of reserves and eventually a stock adjustment that depletes reserves suddenly in one attack (Sachs, Tornell, and Velasco, 1996, page 47). The result is either a devaluation of the exchange rate or a switch to floating. Subsequent work of this genre has specified a number of other channels, in ... Read more
ical) and to self-fulfilling currency crisis, respectively. Research stressing the former approach was pioneered by Krugman (1979) and Flood and Garber (1984). According to this line of research, the failure of governments to adopt domestic monetary and fiscal policies consistent with their stated exchange rate targets leads to a gradual diminution of reserves and eventually a stock adjustment that depletes reserves suddenly in one attack (Sachs, Tornell, and Velasco, 1996, page 47). The result is either a devaluation of the exchange rate or a switch to floating. Subsequent work of this genre has specified a number of other channels, in ... Read more
Product Details
Format
Paperback
Publication date
2012
Publisher
Springer United States
Number of pages
247
Condition
New
Number of Pages
247
Place of Publication
New York, NY, United States
ISBN
9781461378877
SKU
V9781461378877
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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