Exchange rate regime choice in historical perspective /
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Author / Creator: | Bordo, Michael D. |
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Imprint: | Cambridge, Mass. : National Bureau of Economic Research, ©2003. |
Description: | 1 online resource (39 pages) : illustrations. |
Language: | English |
Series: | NBER working paper series ; no. 9654 Working paper series (National Bureau of Economic Research) ; no. 9654. |
Subject: | |
Format: | E-Resource Book |
URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12494802 |
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100 | 1 | |a Bordo, Michael D. | |
245 | 1 | 0 | |a Exchange rate regime choice in historical perspective / |c Michael D. Bordo. |
260 | |a Cambridge, Mass. : |b National Bureau of Economic Research, |c ©2003. | ||
300 | |a 1 online resource (39 pages) : |b illustrations. | ||
336 | |a text |b txt |2 rdacontent | ||
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338 | |a online resource |b cr |2 rdacarrier | ||
490 | 1 | |a NBER working paper series ; |v no. 9654 | |
500 | |a "April 2003." | ||
504 | |a Includes bibliographical references. | ||
588 | 0 | |a Content as of: July 2003; title from the resource itself. | |
588 | 0 | |a Print version record. | |
506 | |3 Use copy |f Restrictions unspecified |2 star |5 MiAaHDL | ||
533 | |a Electronic reproduction. |b [S.l.] : |c HathiTrust Digital Library, |d 2010. |5 MiAaHDL | ||
538 | |a Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. |u http://purl.oclc.org/DLF/benchrepro0212 |5 MiAaHDL | ||
583 | 1 | |a digitized |c 2010 |h HathiTrust Digital Library |l committed to preserve |2 pda |5 MiAaHDL | |
520 | 8 | |a Abstract: Exchange rate regime choice has evolved considerably in the past 100 years. At the beginning of the twentieth century the choice was obvious - - join the gold standard, all the advanced countries have done it. Floating exchange rates and fiat money are only for profligate countries. At the beginning of the twenty-first century, the choice is also becoming more obvious - - go to floating exchange rates, all the advanced countries have done it. Moreover in both eras, the emerging markets of the day tried to emulate the advanced countries but in many cases had great difficulties in doing so. What happened in the past century to lead to this tour de force? In this paper I survey the issue of exchange rate regime choice from the perspective of both the advanced countries and the emergers taking an historical perspective. I first survey the theoretical issues beginning with a taxonomy of regimes. I then examine the empirical evidence on the delineation of regimes and their macro performance. The penultimate section provides a brief history of monetary regimes in advanced and emerging countries. The conclusion considers the case for managed float for today's emergers. | |
650 | 0 | |a Foreign exchange rates |z Developing countries. | |
650 | 7 | |a Foreign exchange rates. |2 fast |0 (OCoLC)fst00931816 | |
651 | 7 | |a Developing countries. |2 fast |0 (OCoLC)fst01242969 | |
710 | 2 | |a National Bureau of Economic Research. |0 http://id.loc.gov/authorities/names/n79139286 | |
776 | 0 | 8 | |i Print version: |a Bordo, Michael D. |t Exchange rate regime choice in historical perspective. |d Cambridge, Mass. : National Bureau of Economic Research, ©2003 |w (OCoLC)52363569 |
830 | 0 | |a Working paper series (National Bureau of Economic Research) ; |v no. 9654. |0 http://id.loc.gov/authorities/names/n86717713 | |
856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2003/160/001.2003.issue-160-en.xml |y INTERNATIONAL MONETARY FUND |
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