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Exchange Rate Misalignment : Concepts and Measurement for Developing Countries. 為替相場の不整合－発展途上国にとっての概念と測定
・ISBN 978-0-19-521126-9 cloth US$ 140.00
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| 著者・編者 | Hinkle, Lawrence E. / Montiel, Peter J., |
|---|---|
| 出版社 | (Oxford U. Pr. / World Bank, US) |
| 出版年月 | 1999 |
| ページ数 | 614 pp. |
| 言語 | ENG |
| ニュース番号 | ＜456-285 462-296＞ |
解説
The 1994 devaluation of CFA francs in West Africa, the Mexican currency crisis in that same year, and the Asian crises that erupted in mid-1997 are reminders of the severe dislocations that can be caused by exchange rate misalignment. However a consensus on the importance of preventing exchange rate misalignment has not provided systematic guidance on definitions and measurement. Recent macroeconomic disruptions support the argument that growing financial integration has increased the urgency of providing accurate measures of long-run equilibrium exchange rates. For its analytical depth and its practical techniques for measurement, Exchange Rate Misalignment is an invaluable resource for policymakers and foreign exchange specialists in both the public and private sectors.