Call Boomerang Books 1300 36 33 32

Get Latest Book News + FREE Shipping. Subscribe to the Boomerang Books Bulletin eNewsletter right now!

Description - Too Sensational by W. Max Corden

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: On the Choice of Exchange Rate Regimes, W. Max Corden presents a systematic and accessible overview of the topic. Reviewing many types of regimes, he shows how the choice of an exchange rate regime is related to both fiscal policy and trade policy. Building on the theory of optimum currency areas, Corden develops and analytic framework of three approaches (nominal anchor, real targets, and exchange rate stability) and three polar exchange rate regimes (absolutely fixed, pure floating, and fixed but adjustable). He considers all other regimes to be mixtures of two or three of the polar regimes. Beginning with theory and later turning to case studies of countries in Asia, Europe, and Latin America, Corden focuses on how economies react to negative and positive shocks under various exchange rate regimes. He examines in particular the Asian and Latin American currency crises of the 1990s. Corden concludes that although "too sensational" crises have discredited fixed but adjustable regimes, the extremes of absolutely fixed regimes or pure floating regimes need not be chosen.

Buy Too Sensational by W. Max Corden from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780262532693
ISBN-10: 0262532697
Format: Paperback
(229mm x 152mm x 19mm)
Pages: 215
Imprint: MIT Press
Publisher: MIT Press Ltd
Publish Date: 20-Aug-2004
Country of Publication: United States

Other Editions - Too Sensational by W. Max Corden

Book Reviews - Too Sensational by W. Max Corden

» Have you read this book? We'd like to know what you think about it - write a review about Too Sensational book by W. Max Corden and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review

Author Biography - W. Max Corden

W. Max Corden is Emeritus Professor of International Economics at the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University and Professional Fellow in the Department of Economics at the University of Melbourne, Australia.

Books By W. Max Corden

Trade Policy and Economic Welfare by W. Max Corden
Hardback, February 1997