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Exchange Rate Misalignment

Name: Exchange Rate Misalignment
Brand: Oxford University Press Inc
SKU: 04516885
Price: 44797 HUF
Availability: InStock
Author: Peter J. Montiel
ISBN: 9780195211269

Concepts and Measurement for Developing Countries

Peter J. Montiel

Lawrence E. Hinkle

Language

English

Book Hardback

Libristo code: 04516885

Publishers Oxford University Press Inc, December 1999

The 1994 devaluation of CFA francs in West Africa, the Mexican currency crisis in that same year, an... Full description

Libristo code: 04516885

305 b

44 797 Ft

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The 1994 devaluation of CFA francs in West Africa, the Mexican currency crisis in that same year, and the Asian crises that erupted in mid-1997 are reminders of the severe dislocations that can be caused by exchange rate misalignment. However, a consensus on the importance of preventing exchange rate misalignment has not provided systematic guidance on definitions and measurement. Macroeconomic disruptions support the argument that growing financial integration has increased the urgency of providing accurate measures of long-run equilibrium exchange rates. For its analytical depth and its practical techniques for measurement, this resource is aimed at policymakers and foreign exchange specialists in both the public and private sectors.