Flexible exchange rates for a stable world economy /:
Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings. This book examines the broad parameters of exchange rate policy in light of both high-powered theory and real-world experience. What are the costs and benefits of f...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, DC :
Peterson Institute for International Economics,
2011.
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| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings. This book examines the broad parameters of exchange rate policy in light of both high-powered theory and real-world experience. What are the costs and benefits of flexible versus fixed exchange rates? How much of a role should the exchange rate play in monetary policy? Why don't volatile exchange rates destabilize inflation and output? The principal finding of this book is that using monetary policy to fight exchange rate volatility, including through the adoption of a fixed exchange rate regime, leads to greater volatility of employment, output, and inflation. In other words, the "cure" for exchange rate volatility is worse than the disease. This finding is demonstrated in economic models, in historical case studies, and in statistical analysis of the data. The book devotes considerable attention to understanding the reasons why volatile exchange rates do not destabilize inflation and output. The book concludes that many countries would benefit from allowing greater flexibility of their exchange rates in order to target monetary policy at stabilization of their domestic economies. Few, if any, countries would benefit from a move in the opposite direction |
| Beschreibung: | 1 online resource (xvi, 265 pages) : illustrations |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9780881326352 0881326356 1283319683 9781283319683 9786613319685 6613319686 |
Internformat
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| 245 | 1 | 0 | |a Flexible exchange rates for a stable world economy / |c Joseph E. Gagnon ; with Marc Hinterschweiger. |
| 260 | |a Washington, DC : |b Peterson Institute for International Economics, |c 2011. | ||
| 300 | |a 1 online resource (xvi, 265 pages) : |b illustrations | ||
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| 504 | |a Includes bibliographical references and index. | ||
| 505 | 0 | |a Introduction and overview -- A world of multiple monies -- Are floating exchange rates too volatile? -- Do volatile exchange rates reduce economic output? -- Do volatile exchange rates destabilize inflation and output? -- Monetary policy with fixed and floating exchange rates -- Fiscal policy and exchange rate regimes -- Exchange rate regimes in developing economies -- Policy conclusions -- References -- Index. | |
| 588 | 0 | |a Print version record. | |
| 520 | |a Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings. This book examines the broad parameters of exchange rate policy in light of both high-powered theory and real-world experience. What are the costs and benefits of flexible versus fixed exchange rates? How much of a role should the exchange rate play in monetary policy? Why don't volatile exchange rates destabilize inflation and output? The principal finding of this book is that using monetary policy to fight exchange rate volatility, including through the adoption of a fixed exchange rate regime, leads to greater volatility of employment, output, and inflation. In other words, the "cure" for exchange rate volatility is worse than the disease. This finding is demonstrated in economic models, in historical case studies, and in statistical analysis of the data. The book devotes considerable attention to understanding the reasons why volatile exchange rates do not destabilize inflation and output. The book concludes that many countries would benefit from allowing greater flexibility of their exchange rates in order to target monetary policy at stabilization of their domestic economies. Few, if any, countries would benefit from a move in the opposite direction | ||
| 650 | 0 | |a Foreign exchange rates. |0 http://id.loc.gov/authorities/subjects/sh91004893 | |
| 650 | 0 | |a Monetary policy. |0 http://id.loc.gov/authorities/subjects/sh85086787 | |
| 650 | 6 | |a Taux de change. | |
| 650 | 6 | |a Politique monétaire. | |
| 650 | 7 | |a BUSINESS & ECONOMICS |x Foreign Exchange. |2 bisacsh | |
| 650 | 7 | |a Foreign exchange rates |2 fast | |
| 650 | 7 | |a Monetary policy |2 fast | |
| 700 | 1 | |a Hinterschweiger, Marc. | |
| 758 | |i has work: |a Flexible exchange rates for a stable world economy (Text) |1 https://id.oclc.org/worldcat/entity/E39PCGTvXp9qywxKyTj9m64VT3 |4 https://id.oclc.org/worldcat/ontology/hasWork | ||
| 776 | 0 | 8 | |i Print version: |a Gagnon, Joseph E. |t Flexible exchange rates for a stable world economy. |d Washington, DC : Peterson Institute for International Economics, 2011 |z 9780881326277 |w (DLC) 2011032670 |w (OCoLC)745766066 |
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| contents | Introduction and overview -- A world of multiple monies -- Are floating exchange rates too volatile? -- Do volatile exchange rates reduce economic output? -- Do volatile exchange rates destabilize inflation and output? -- Monetary policy with fixed and floating exchange rates -- Fiscal policy and exchange rate regimes -- Exchange rate regimes in developing economies -- Policy conclusions -- References -- Index. |
| ctrlnum | (OCoLC)759117229 |
| dewey-full | 332.4/562 |
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| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.4/562 |
| dewey-search | 332.4/562 |
| dewey-sort | 3332.4 3562 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | ZDB-4-EBA-ocn759117229 |
| illustrated | Illustrated |
| indexdate | 2024-11-27T13:18:04Z |
| institution | BVB |
| isbn | 9780881326352 0881326356 1283319683 9781283319683 9786613319685 6613319686 |
| language | English |
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| publisher | Peterson Institute for International Economics, |
| record_format | marc |
| spelling | Gagnon, Joseph E. Flexible exchange rates for a stable world economy / Joseph E. Gagnon ; with Marc Hinterschweiger. Washington, DC : Peterson Institute for International Economics, 2011. 1 online resource (xvi, 265 pages) : illustrations text txt rdacontent computer c rdamedia online resource cr rdacarrier polychrome. rdacc http://rdaregistry.info/termList/RDAColourContent/1003 text file rdaft http://rdaregistry.info/termList/fileType/1002 Includes bibliographical references and index. Introduction and overview -- A world of multiple monies -- Are floating exchange rates too volatile? -- Do volatile exchange rates reduce economic output? -- Do volatile exchange rates destabilize inflation and output? -- Monetary policy with fixed and floating exchange rates -- Fiscal policy and exchange rate regimes -- Exchange rate regimes in developing economies -- Policy conclusions -- References -- Index. Print version record. Volatile exchange rates and how to manage them are a contentious topic whenever economic policymakers gather in international meetings. This book examines the broad parameters of exchange rate policy in light of both high-powered theory and real-world experience. What are the costs and benefits of flexible versus fixed exchange rates? How much of a role should the exchange rate play in monetary policy? Why don't volatile exchange rates destabilize inflation and output? The principal finding of this book is that using monetary policy to fight exchange rate volatility, including through the adoption of a fixed exchange rate regime, leads to greater volatility of employment, output, and inflation. In other words, the "cure" for exchange rate volatility is worse than the disease. This finding is demonstrated in economic models, in historical case studies, and in statistical analysis of the data. The book devotes considerable attention to understanding the reasons why volatile exchange rates do not destabilize inflation and output. The book concludes that many countries would benefit from allowing greater flexibility of their exchange rates in order to target monetary policy at stabilization of their domestic economies. Few, if any, countries would benefit from a move in the opposite direction Foreign exchange rates. http://id.loc.gov/authorities/subjects/sh91004893 Monetary policy. http://id.loc.gov/authorities/subjects/sh85086787 Taux de change. Politique monétaire. BUSINESS & ECONOMICS Foreign Exchange. bisacsh Foreign exchange rates fast Monetary policy fast Hinterschweiger, Marc. has work: Flexible exchange rates for a stable world economy (Text) https://id.oclc.org/worldcat/entity/E39PCGTvXp9qywxKyTj9m64VT3 https://id.oclc.org/worldcat/ontology/hasWork Print version: Gagnon, Joseph E. Flexible exchange rates for a stable world economy. Washington, DC : Peterson Institute for International Economics, 2011 9780881326277 (DLC) 2011032670 (OCoLC)745766066 FWS01 ZDB-4-EBA FWS_PDA_EBA https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=399704 Volltext |
| spellingShingle | Gagnon, Joseph E. Flexible exchange rates for a stable world economy / Introduction and overview -- A world of multiple monies -- Are floating exchange rates too volatile? -- Do volatile exchange rates reduce economic output? -- Do volatile exchange rates destabilize inflation and output? -- Monetary policy with fixed and floating exchange rates -- Fiscal policy and exchange rate regimes -- Exchange rate regimes in developing economies -- Policy conclusions -- References -- Index. Foreign exchange rates. http://id.loc.gov/authorities/subjects/sh91004893 Monetary policy. http://id.loc.gov/authorities/subjects/sh85086787 Taux de change. Politique monétaire. BUSINESS & ECONOMICS Foreign Exchange. bisacsh Foreign exchange rates fast Monetary policy fast |
| subject_GND | http://id.loc.gov/authorities/subjects/sh91004893 http://id.loc.gov/authorities/subjects/sh85086787 |
| title | Flexible exchange rates for a stable world economy / |
| title_auth | Flexible exchange rates for a stable world economy / |
| title_exact_search | Flexible exchange rates for a stable world economy / |
| title_full | Flexible exchange rates for a stable world economy / Joseph E. Gagnon ; with Marc Hinterschweiger. |
| title_fullStr | Flexible exchange rates for a stable world economy / Joseph E. Gagnon ; with Marc Hinterschweiger. |
| title_full_unstemmed | Flexible exchange rates for a stable world economy / Joseph E. Gagnon ; with Marc Hinterschweiger. |
| title_short | Flexible exchange rates for a stable world economy / |
| title_sort | flexible exchange rates for a stable world economy |
| topic | Foreign exchange rates. http://id.loc.gov/authorities/subjects/sh91004893 Monetary policy. http://id.loc.gov/authorities/subjects/sh85086787 Taux de change. Politique monétaire. BUSINESS & ECONOMICS Foreign Exchange. bisacsh Foreign exchange rates fast Monetary policy fast |
| topic_facet | Foreign exchange rates. Monetary policy. Taux de change. Politique monétaire. BUSINESS & ECONOMICS Foreign Exchange. Foreign exchange rates Monetary policy |
| url | https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=399704 |
| work_keys_str_mv | AT gagnonjosephe flexibleexchangeratesforastableworldeconomy AT hinterschweigermarc flexibleexchangeratesforastableworldeconomy |