Post-crisis exchange rate policy in five Asian countries : filling in the "hollow middle"? /

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Bibliographic Details
Author / Creator:Hernández, Leonardo.
Imprint:[Washington, D.C.] : International Monetary Fund, IMF Institute, ©2001.
Description:1 online resource (40 pages) : illustrations
Language:English
Series:IMF working paper, 2227-8885 ; WP/01/170
IMF working paper ; WP/01/170.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12496783
Hidden Bibliographic Details
Other authors / contributors:Montiel, Peter.
International Monetary Fund.
IMF Institute.
ISBN:1282049747
9781282049741
9781451903676
1451903677
1462383165
9781462383160
1452705798
9781452705798
9786613798046
6613798045
9781451858426
1451858426
Notes:Cover title.
"November 2001"--Page 1
Includes bibliographical references (page 40).
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
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. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
Summary:Following the 1997-98 financial turmoil, crisis countries in Asia moved toward either floating or fixed exchange rate systems, reinforcing the bipolar view of exchange rate regimes and the "hollow middle" hypothesis. But some academics have claimed that the crisis countries' policies have been similar in the post- and pre-crisis periods. This paper analyzes the evidence and concludes that, except for Malaysia, which adopted a hard peg and imposed capital controls, the other crisis countries are floating more than before, though less than "real" floaters do. Further, the crisis countries' policies during the post-crisis period can be justified on second-best arguments
Other form:Print version: Hernández, Leonardo. Post-crisis exchange rate policy in five Asian countries. [Washington, D.C.] : International Monetary Fund, IMF Institute, ©2001
Standard no.:10.5089/9781451903676.001