Exchange Rate Regimes for Emerging Markets: Reviving the Intermediate Option

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In the aftermath of the Asian/global financial crises of 1997-98, how should emerging markets now structure their exchange rate systemsto prevent new crises from occurring? This study challengescurrent orthodoxy by advocating the revival of intermediate exchangerate regimes. In so doing, Williamson presents a reasoned challenge tothe new prevailing attitude that claims that all countries involved in the international capital markets need to polarize to one of the extreme regimes (to a fixed rate with either a currency board ...

Exchange Rate Regimes for Emerging Markets: Reviving the Intermediate Option 2000, Peterson Institute for International Economics, New York

ISBN-13: 9780881322934

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