Last edited by Fenrirr
Monday, April 27, 2020 | History

3 edition of Experience of and lessons from exchange rate regimes in emerging economies found in the catalog.

Experience of and lessons from exchange rate regimes in emerging economies

Jeffrey A. Frankel

Experience of and lessons from exchange rate regimes in emerging economies

  • 339 Want to read
  • 20 Currently reading

Published by National Bureau of Economic Research in Cambridge, Mass .
Written in English

    Subjects:
  • Foreign exchange rates -- Developing countries,
  • Economic development

  • Edition Notes

    StatementJeffrey A. Frankel.
    SeriesNBER working paper series -- no. 10032., Working paper series (National Bureau of Economic Research) -- working paper no. 10032.
    ContributionsNational Bureau of Economic Research.
    The Physical Object
    Pagination39 p. ;
    Number of Pages39
    ID Numbers
    Open LibraryOL17617247M
    OCLC/WorldCa53405590

      Interest-Rate Volatility in Emerging Markets, Review of Economics and Statistics. May ; 85(2): , with Raul Susmel. Exchange Rate Regimes, Capital Flows and Crisis Prevention in Feldstein, Martin (Ed.): Economic and Financial Crises in Emerging Market Economies, NBER Conference Report series. Chicago and London: University of Chicago. MUSSA, M () “Nominal Exchange Rate Regimes and the Behavior of Real Exchange Rates: Evidence and Implications”, Carnegie-Rochester Conference Series on Public Policy, Vol. 25, pp. – 96 MUSSA M, MASSON P, SWOBODA A, JADRESIC E, MAURO P AND BERG A () “Exchange rate regimes in an increasingly integrated world economy. these economic policy challenges are of particular concern for emerging economies. On the one hand, the economic development of emerging economies increasingly has global implications. On the other hand, global challenges and related international regimes necessitate adjustments in those countries. Monetary Policy Challenges for Emerging Market Economies Published by Guset User, Description: 2 Abstract This paper introduces a significant new collection of papers on monetary policy in emerging market economies, written by leading analysts and policy makers.

    Implications for emerging economies. Emerging Asian economies such as India and China have considerable lessons to learn from these post-crisis experiences of the Asian region. China’s commitment to a fixed exchange rate regime till resulted in a continuous accumulation of foreign reserves.


Share this book
You might also like
A Royal finish

A Royal finish

The simple life

The simple life

nature of design

nature of design

Market-Place exchange: Spatial analysis and policy

Market-Place exchange: Spatial analysis and policy

New invented washing-mill

New invented washing-mill

Appraisal

Appraisal

Only cold, cold fire.

Only cold, cold fire.

Captains courageous

Captains courageous

Silver linings

Silver linings

Communication Strategies for People With Developmental Disabilities

Communication Strategies for People With Developmental Disabilities

Clay things

Clay things

Experience of and lessons from exchange rate regimes in emerging economies by Jeffrey A. Frankel Download PDF EPUB FB2

Request PDF | Experience of and Lessons from Exchange Rate Regime in Emerging Economies | This paper uses data-rich estimation techniques to study monetary policy in an open economy.

We apply the. Experience of and lessons from exchange rate regimes in emerging economies. Cambridge, Mass.: National Bureau of Economic Research, © (OCoLC) Material Type: Internet resource: Document Type: Book, Internet Resource: All Authors / Contributors: Jeffrey A Frankel; National Bureau of Economic Research.

Frankel, Jeffrey, "Experience of and Lessons from Exchange Rate Regimes in Emerging Economies," Working Paper Series rwp, Harvard University, John F.

Kennedy School of Government. Handle: RePEc:ecl:harjfk:rwp Downloadable. The paper reviews recent trends in thinking on exchange rate regimes. It begins by classifying countries into regimes, noting the distinction between de facto and de jure regimes, but also noting the low correlation among proposed ways of classifying the latter.

The advantages of fixed exchange rates versus floating are reviewed, including the recent evidence on the trade. Experience of and Lessons from Exchange Rate Regime in Emerging Economies. [Jeffrey A Frankel; National Bureau of Economic Research.;] -- The paper reviews recent trends in thinking on exchange rate regimes.

It begins by classifying countries into regimes, noting the distinction between de facto and de jure regimes, but also noting the. This study builds on these themes by extending the literature on lessons from the global recession in several dimensions.

First, whereas the previous literature focused on the experience of advanced economies, this study explores in depth the experience of a large group of EMDEs. 1 Second, while previous work has focused either on macroeconomic.

Accordingly, the benchmark model of Part 2 was built on the assumption of a fixed exchange rate. However, as also shown in Chapter 1, a substantial number of emerging-market economies – and a few developing economies as well – operate exchange rate regimes that are.

Emerging market economies using a variety of inflation-targeting frameworks have faced a fundamental tension between pursuing a relatively pure inflationtargeting regime and managing the exchange rate. 9 While monitoring exchange rate movements is an integral part of inflation targeting for a small, open economy, exchange rate management and.

The studies on exchange rate pass-through for emerging economies find that, contrary to the case of developed countries, pass-through is much quicker in these countries (see Choudhari, Faruqee.

The macroeconomic experience of emerging and developing economies has tended to be quite different from that of industrial countries. Compared to industrial countries, emerging and developing economies have tended to be much more unstable, with more severe boom/bust cycles, episodes of high inflation and a variety of financial crises.

This textbook describes how the standard macroeconomic. This book is a rigorous, yet nonmathematical analysis of key macroeconomic issues faced by emerging economies. The first part develops an analytical framework that can be used as a workhorse model to study short-run macroeconomic issues of stabilization and Experience of and lessons from exchange rate regimes in emerging economies book in such economies, comparable to the IS-LM framework widely used in intermediate-level macroeconomics textbooks for industrial Cited by: Too Sensational: On the Choice of Exchange Rate Regimes (Ohlin Lectures Book 9) - Kindle edition by Corden, W.

Max. Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading Too Sensational: On the Choice of Exchange Rate Regimes (Ohlin Lectures Book 9).Manufacturer: The MIT Press.

EMDEs = emerging market and developing economies; ERPTR = exchange rate pass-through ratio. Low and high share of foreign-currency invoicing are defined as below or above the sample average.

C.D. The sample only includes EMDEs with floating exchange rate regimes according to Author: Jongrim Ha, M. Marc Stocker, Hakan Yilmazkuday. As elsewhere, exchange rate regimes in sub-Saharan African countries vary greatly, and have evolved over time. Recent IMF work on exchange rate regimes suggests that there is no single prescription, and that the appropriate regime for a country depends on the macroeconomic challenges facing the country and its particular circumstances (see Ghosh, Ostry, and Tsangarides ).

Exchange Rate Regimes. Frankel, "Experience of and Lessons from Exchange Rate Regime in Emerging Economies", NBER Working Paper No. Debt Denomination and Financial Instability in Emerging Markets Economies, B. Eichengreen and R. Hausmann, eds., Chicago and London: University of Chicago Press ().

• Edwards, Sebastian, “Exchange Rates in Emerging Countries: Eleven Empirical Regularities from Latin America and East Asia,” NBER Working Paper (). PDF. • Frankel, Jeffrey A., “Experience of and Lessons from Exchange Rate Regimes in Emerging Economies,” NBER Working Paper, (). PDFFile Size: KB. By the mids, a consensus had formed at the International Monetary Fund (IMF) and other Washington institutions that emerging economies were best served by fixed, or at least “managed, ” exchange rates, primarily because this would serve to discipline their central banks and keep inflation at single digit levels.

Introduction. According to Calvo and Reinhart () there is an epidemic of ‘fear of floating’ among emerging economies. This ‘epidemic’ appears to have been exacerbated by the financial crisis; emerging economies have recently shifted toward more stable exchange rate regimes and away from floating arrangements ().Proponents of ‘fear of floating’ often focus on the ability of Cited by: The second part of the course covers the macroeconomic policy tradeoffs related to different exchange rate regimes, the choice of exchange rate regime, and the main exchange rate policy challenges in developing and emerging market economies, such as the use of hybrid regimes, forced and unforced exits from pegs, and the reasons behind “fear.

The Paperback of the Exchange Rate Regimes in East Asia by Masahiro Kawai at Barnes & Noble. FREE Shipping on $35 or more. Due to COVID, orders may be delayed. Thank you for your patience. Book Annex Membership Educators Gift Cards Stores & Events Help Auto Suggestions are available once you type at least 3 letters.

Use up arrow (for mozilla. Under inflation targeting, the interest rate is the main monetary policy tool for influencing activity and inflation, and there is little agreement about the appropriate role of the exchange exchange rate is a more important monetary policy tool for emerging economies that have adopted inflation targeting than it is for inflation Brand: INTERNATIONAL MONETARY FUND.

Read "Exit Strategies: Policy Options for Countries Seeking Exchange Rate Flexibility" by Barry Mr. Eichengreen available from Rakuten Kobo. In a world of increasing capital mobility and broadening and more diversified trade, many (but not all) developing and t Brand: INTERNATIONAL MONETARY FUND.

Frankel, J.A. ‘Experience of and Lessons from Exchange Rate Regime in Emerging Economies’. NBER Working Papers, WP/, (Cambridge, MA: National Bureau of Author: Karsten Staehr. Lessons and Controversies From Financial Crises in the s S ince financial markets came into being, financial crises have been the choice of exchange rate regimes,and approaches to crisis management.

important lessons from the experience of the s. Except in Argentina, governments reduced their File Size: KB. depreciation of Indian Rupee - Economics bibliographies - in Harvard style Experience of and Lessons from Exchange Rate Regimes in Emerging Economies SSRN Journal J., n.d.

Experience of and Lessons from Exchange Rate Regimes in Emerging Economies. SSRN Journal. Journal. Frankel, J. Experience of and Lessons from Exchange Rate.

In most emerging market economies, the interest rate responds strongly to the exchange rate; in some, the response is higher than that to changes in the inflation rate or the output gap. The result is robust to alternative specification and estimation by: social costs. This situation had changed by the mid- s.

First, a consensus gradually developed on the appropriate policy mix: the reduction of fiscal deficits, the elimination of price controls and trade restrictions, the introduction of realistic and unified exchange rate regimes and positive real interest rates, and a shift to relying on the private sector rather than the state to run.

Chapter 3 broadens the de facto exchange rate flexibility in strong evidence of heavy currency management in Bangladesh, India, Indonesia, Pakistan and Sri Lanka.

With the rest in fixed U.S. dollar exchange rate regimes, India is a managed floater, joining other East Asian economies in building up reserves (Figurep. Most of the literature on exchange rate regimes has focused on the developed countries.

Since the recent crises in emerging markets, however, attention has shifted to the choice of exchange rate regimes for developing countries, especially those that are more integrated into the world capital markets. In Too Sensational, W. Max Corden presents a systematic and accessible overview of the choice.

Inflation Targeting in Practice Strategic and Operational Issues and Application to Emerging Market Economies Editors Mario I.

Blejer Alain Ize Alfredo M. Leone Sergio Werlang International Monetary Fund A growing number of countries—industrial economies and emerging markets alike—are anchoring their monetary policy through explicit. Of course, many emerging market countries have been able to keep inflation under control with flexible exchange rate regimes, which is wh) the evidence on whether fixed versus floating exchange rate regimes are associated with lower inflation rates on average is not clear-cut (for example, Edwards and hlagend~o, ; Reinhart and Rogoff, ).

Abstract. The use and effectiveness of capital controls in emerging market economies is important to examine because of the potentially damaging effects that these controls may have on a country’s economic growth and development, especially if the country in question is growing at a fast rate.

The Mirage of Exchange Rate Regimes for Emerging Market Countries with Guillermo Calvo: w Published: Calvo, Guillermo A. and Frederic S. Mishkin. "The Mirage Of Exchange Rate Regimes For Emerging Market Countries," Journal of Economic Perspectives,v17(4,Fall), citation courtesy of.

May TARGET GROUP | Junior to mid-level officials who work with exchange rate policy and analysis. Participants should have an advanced degree in economics or equivalent professional experience and be comfortable with Microsoft Excel and Excel-based applications.

Before taking this course, it is recommended that applicants take either the Financial Programming and Policies (FPP) or the. This book is a collection of studies dealing with the different issues related to the liberalization of external relations in economies moving from a socialist to a market-based system The focus is on external sector developments, and the topics deal with balance of payments conditions, exchange rate policies and regimes, international.

Exchange Rates and Foreign Direct Investment in Emerging Asia: Selected Issues and Policy Options. By Ramkishen S. Rajan. London and New York: Routledge, Pp.

The author is no stranger to both themes of exchange rates and foreign direct investment (FDI) and is. product of exchange rate regimes that have in practice tended to resist appreciation.2 At the same time, policymakers in the region have been able to maintain price stability and bolster its financial stability.

This policy experience in Asia is changing the consensus about the tradeoff between fixed and floating exchange rate by: August Book Reviews DOI: /aek Macroeconomic Policy for Emerging Markets: Lessons from Thailand, by Bhanupong Nidhiprabha.

London: Routledge, Pp. Sound macroeconomic policies can be instrumental in promoting and sustaining a country’s long-term growth. Most of the literature on exchange rate regimes has focused on the developed countries.

Since the recent crises in emerging markets, however, attention has shifted to the choice of exchange rate regimes for developing countries, especially those that are more integrated into the world capital. Two Targets, Two Instruments: Monetary and Exchange Rate Policies in Emerging Market Economies, with co-authors,Journal of International Money and Finance, Vol.

60, pp. Exchange Rate Management and Crisis Susceptibility: A Reassessment, with co-authors,IMF Economic Review, Vol. 63, No. 1, pp. Abstract. Parallel foreign exchange systems are those in which a market-determined exchange rate, typically applying to financial transactions but often to a portion of trade transactions as well, coexists with one or more pegged exchange by: represent the median across countries.

EMDEs = emerging market and developing economies; ERPTR = exchange rate pass -through ratio. B. Low and high share of foreign -currency invoicing are de fined as below or above the sample average.

C.D. The sample only includes EMDEs with floating exchange rate regimes according to the IMF classification.Exchange rate crises under fixed. exchange rates Exchange rate movements under flexible. exchange rates Choosing between exchange rate.

regimes Summary Key terms Questions and problems THE LONG RUN Chapter The facts of growth Measuring the standard of living Growth in.