Post-crisis exchange rate policy in five Asian countries : filling in the "hollow middle"? /
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Author / Creator: | Hernández, Leonardo. |
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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 |
Other authors / contributors: | Montiel, Peter. International Monetary Fund. IMF Institute. |
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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 |
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