Changes in exchange rates in rapidly developing countries : theory, practice, and policy issues
Author(s)
Bibliographic Information
Changes in exchange rates in rapidly developing countries : theory, practice, and policy issues
（NBER-East Asia seminar on economics, v. 7）
University of Chicago Press, 1999
Available at 68 libraries
Note
Includes bibliographical references and indexes
Description and Table of Contents
Description
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. This volume explores the impact of such diverse exchange control regimes in both historical and regional contexts, focusing particular attention on East Asia. The book should be a useful reference for scholars and policymakers.
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