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Managed Floating Plus - Morris Goldstein

englanti
2002-01-01
32,51 € 43,35 €

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Toimitus 10-16 arkipäivässä

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In this analysis Morris Goldstein examines currency regime choices for emerging economies that are heavily involved with private capital markets. The author argues that the best regime choice for such economies would be managed floating plus, where "plus" is shorthand for a framework that includes inflation targeting and aggressive measures to discourage currency mismatching. Goldstein argues that if manage ... Täydellinen kuvaus

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In this analysis Morris Goldstein examines currency regime choices for emerging economies that are heavily involved with private capital markets. The author argues that the best regime choice for such economies would be managed floating plus, where "plus" is shorthand for a framework that includes inflation targeting and aggressive measures to discourage currency mismatching. Goldstein argues that if managed floating were enhanced in this way, it would retain the desirable features of a flexible rate regime while addressing the nominal anchor and balance-sheet problems that have historically underpinned a "fear of floating" and handicapped the performance of managed floating in emerging economies. The author also shows why managed floating plus is superior to four alternative currency-regime options--an adjustable peg system, a "BBC (basket, band, crawl) regime," a currency board, and dollarization.

Lisätietoja

Kirjoittaja Morris Goldstein
Julkaisija Peterson Institute
Julkaisuvuosi 2002
Kannen tyyppi Pehmeäkantinen
EAN 9780881323368
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Arvostelet: Managed Floating Plus
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32,51 € 43,35 €