| Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues Volume 7 Contributor(s): Ito, Takatoshi (Editor), Krueger, Anne O. (Editor) |
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ISBN: 0226386732 ISBN-13: 9780226386737 Publisher: University of Chicago Press OUR PRICE: $114.95 Product Type: Hardcover - Other Formats Published: April 1999 Annotation: 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. |
| Additional Information |
| BISAC Categories: - Business & Economics | Foreign Exchange - Business & Economics | Development - Economic Development - Business & Economics | Money & Monetary Policy |
| Dewey: 338.456 |
| LCCN: 98033860 |
| Series: National Bureau of Economic Research East Asia Seminar on Ec |
| Physical Information: 1.21" H x 6.35" W x 9.33" (1.68 lbs) 464 pages |
| Themes: - Cultural Region - Developing World - Cultural Region - East Asian |
| Descriptions, Reviews, Etc. |
| Publisher 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. 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. |