Exchange Rate Regimes: Fixed, Flexible or Something in Between?

China recently uncoupled its currency from the US dollar. Moosa (finance, La Trobe U., Australia), an expert on international finance and a former investment banker, explains the exchange rate, its role in the economy, and ongoing debates over exchange rate regime choice. He discusses theoretical and practical regime classifications, their relation to macroeconomic performance, arguments for and against "dollarization" and fixed vs. flexible rates, why these choices are dilemmas for developing countries, and empirical models of rate regime choice. The volume concludes with case studies of exchange rate regime choices in regions/countries including Asia, Iraq, Peru, and the UK. Annotation ©2005 Book News, Inc., Portland, OR