Don't Fix, Don't Float:
Don´t Fix, Don´t Float is a book about credibility, or lack thereof. It deals with questions pertaining to international financial architecture from the perspective of developing countries, emerging markets and transition economies. Should the monetary authority fix the exchange rate of the national...
Gespeichert in:
| Körperschaft: | |
|---|---|
| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2001
|
| Schriftenreihe: | Development Centre Studies
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Don´t Fix, Don´t Float is a book about credibility, or lack thereof. It deals with questions pertaining to international financial architecture from the perspective of developing countries, emerging markets and transition economies. Should the monetary authority fix the exchange rate of the national currency? Should it instead let the currency float in foreign exchange markets? What about bands, baskets and crawls between the fix and the float corners? Answering these questions is of significance to the national economy involved and, with regard to global finance, often beyond. In the same way that there may never be a pure float, even among key currencies, an instant fix does not provide a fast lane to credibility. Credibility is earned abroad as the development process reinforces institution building in monetary, financial and budgetary matters. Indeed, rules for budgetary adjustment (such as the zero deficit in Argentina or the EU Stability and Growth Pact) are necessary for any exchange-rate regime to deliver economic growth and development. In Don´t Fix, Don´t Float, the case for intermediate regimes is made for five country groups in Africa, Asia and Latin America. Developing countries, emerging markets and transition economies, together with the OECD area, are facing the consequences of a worsening global economic outlook. In this environment, the development perspective underlying Don't Fix, Don't Float is clearly essential. |
| Beschreibung: | 1 Online-Ressource (96 p.) 16 x 23cm. |
| ISBN: | 9789264195523 |
| DOI: | 10.1787/9789264195523-en |
Internformat
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Datensatz im Suchindex
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| id | ZDB-13-SOC-052054284 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-16T15:07:30Z |
| institution | BVB |
| isbn | 9789264195523 |
| language | English |
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| physical | 1 Online-Ressource (96 p.) 16 x 23cm. |
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| publishDate | 2001 |
| publishDateSearch | 2001 |
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| publisher | OECD Publishing |
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| series2 | Development Centre Studies |
| spelling | OECD Development Centre GeistigeR SchöpferIn cre Don't Fix, Don't Float OECD Development Centre ; edited by Jorge, Braga de Macedo, Daniel, Cohen and Helmut, Reisen Paris OECD Publishing 2001 1 Online-Ressource (96 p.) 16 x 23cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier Development Centre Studies Don´t Fix, Don´t Float is a book about credibility, or lack thereof. It deals with questions pertaining to international financial architecture from the perspective of developing countries, emerging markets and transition economies. Should the monetary authority fix the exchange rate of the national currency? Should it instead let the currency float in foreign exchange markets? What about bands, baskets and crawls between the fix and the float corners? Answering these questions is of significance to the national economy involved and, with regard to global finance, often beyond. In the same way that there may never be a pure float, even among key currencies, an instant fix does not provide a fast lane to credibility. Credibility is earned abroad as the development process reinforces institution building in monetary, financial and budgetary matters. Indeed, rules for budgetary adjustment (such as the zero deficit in Argentina or the EU Stability and Growth Pact) are necessary for any exchange-rate regime to deliver economic growth and development. In Don´t Fix, Don´t Float, the case for intermediate regimes is made for five country groups in Africa, Asia and Latin America. Developing countries, emerging markets and transition economies, together with the OECD area, are facing the consequences of a worsening global economic outlook. In this environment, the development perspective underlying Don't Fix, Don't Float is clearly essential. Finance and Investment Development Braga de Macedo, Jorge MitwirkendeR ctb Cohen, Daniel MitwirkendeR ctb Reisen, Helmut MitwirkendeR ctb Parallele Sprachausgabe Französisch Taux de change : Ni fixe, ni flottant 9789264295520 FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/9789264195523-en Volltext |
| spellingShingle | Don't Fix, Don't Float Finance and Investment Development |
| title | Don't Fix, Don't Float |
| title_auth | Don't Fix, Don't Float |
| title_exact_search | Don't Fix, Don't Float |
| title_full | Don't Fix, Don't Float OECD Development Centre ; edited by Jorge, Braga de Macedo, Daniel, Cohen and Helmut, Reisen |
| title_fullStr | Don't Fix, Don't Float OECD Development Centre ; edited by Jorge, Braga de Macedo, Daniel, Cohen and Helmut, Reisen |
| title_full_unstemmed | Don't Fix, Don't Float OECD Development Centre ; edited by Jorge, Braga de Macedo, Daniel, Cohen and Helmut, Reisen |
| title_short | Don't Fix, Don't Float |
| title_sort | don t fix don t float |
| topic | Finance and Investment Development |
| topic_facet | Finance and Investment Development |
| url | https://doi.org/10.1787/9789264195523-en |
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