Read Anywhere and on Any Device!

Subscribe to Read | $0.00

Join today and start reading your favorite books for Free!

Create Free Account

Managed Floating Plus

Morris Goldstein

5/5 ( ratings)

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 regime," a currency board, and dollarization.

Language: English

Pages: 112

Format: Paperback

Publisher: Peterson Institute for International Economics

Release: March 28, 2002

ISBN: 0881323365

ISBN 13: 9780881323368

Managed Floating Plus

Morris Goldstein

5/5 ( ratings)

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 regime," a currency board, and dollarization.

Language: English

Pages: 112

Format: Paperback

Publisher: Peterson Institute for International Economics

Release: March 28, 2002

ISBN: 0881323365

ISBN 13: 9780881323368

More books from Morris Goldstein

Debating China's Exchange Rate Policy

4.2/5 ( ratings)

Banking's Final Exam: Stress Testing and Bank-Capital Reform (Policy Analyses in International Economics)

The Asian Financial Crisis: Causes, Cures, and Systemic Implications

Assessing Financial Vulnerability: An Early Warning System for Emerging Markets

Competition Policies for the Global Economy

Growth-Oriented Adjustment Programs

Determinants and Systemic Consequences of International Capital Flows (Occasional Paper (Intl Monetary Fund))

Determinants and Systemic Consequences of International Capital Flows: A Study

China's Exchange Rate Policy: Options and Prescriptions

Effects of Slowdown in Industrial Countries on Growth in Non-Oil Developing Countries

The Global Effects Of Fund Supported Adjustment Programs

Safeguarding Prosperity in a Global Financial System: The Future International Financial Architecture

Trade, Currencies, and Finance

Rate this book!

Write a review?