Exchange Rate Regimes in Asia

Ramkishen Rajan

Chapter 4 in Emerging Asia, 2011, pp 22-25 from Palgrave Macmillan

Abstract: Abstract It is now common knowledge that rigid pegging of the exchange rate invariably constrains monetary policy independence. Further, both theory and the lessons of experience with pegged exchange rates have shown that such a policy often loses credibility over time and induces booms followed by inevitable busts and crises. The question is: have Asian countries paid any heed to this?

Keywords: Exchange Rate; Real Exchange Rate; Exchange Rate Regime; Flexible Exchange Rate; Asian Economy (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (16)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-30627-1_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230306271

DOI: 10.1057/9780230306271_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().