Approaches to exchange rate policy
Subtitle: choices for developing and transition economies
By: IMF Institute ; editors, Richard C. Barth, Chorng-Huey Wong.
Contributors: Barth, Richard C. 1938-; Wong, Chorng-Huey.; IMF Institute.
Publisher: International Monetary Fund
Published: 1994
Place of publication: Washington, D.C
Language: eng
Number of pages: 298
Subjects: Foreign exchange -- Government policy -- Developing countries -- Congresses.; Foreign exchange -- Government policy -- Europe, Central -- Congresses.; Foreign exchange -- Government policy -- Europe, Eastern -- Congresses.; Foreign exchange rates -- Developing countries -- Congresses.; Foreign exchange rates -- Europe, Central -- Congresses.; Foreign exchange rates -- Europe, Eastern -- Congresses.
Description: The sections in this volume include presentations on specific topics, followed by commentaries and discussion, and proceed from theoretical issues to actual country experiences. The papers are the best evidence of the variety of topics discussed in the seminar and the diversity of views expressed there. In the final session, however there was general agreement with two principles spelled out, namely (1) that it is impossible to maintain an exchange rate policy independent of other key elements of economic policy, in particular monetary policy, but also fiscal and trade policies; and (2) that "one size does not fit all," because exchange rate policy mus take into account not only the nature of the country's economy, but also any existing constraint on domestic economic policy.
Notes: Includes bibliographical references.
"Papers presented at the seminar on Exchange rate policies in developing and transition economies, December 3-11, 1992."