The collapse of exchange rate regimes : causes, consequences, and policy responses / edited by George S. Tavlas.

Format:

Book

Contributor:

Tavlas, George S.

Language:

English

Subjects (All):

Foreign exchange.

Foreign exchange rates.

Money.

Currency question.

Physical Description:

243 pages : illustrations ; 25 cm

Place of Publication:

Boston : Kluwer Academic, [1997]

Summary:

The Collapse of Exchange Rate Regimes: Causes, Consequences and Policy Responses is an international treatment of the antecedents and repercussions of speculative attacks and currency crises. It provides both a broad overview of the subject as well as a specific look at the crises affecting Mexico, Italy, Argentina, Greece, and the European Monetary System. This volume comprises papers previously published in a supplemental issue of the journal Open Economies Review.

Contents:

Currency Crises

Introduction / George S. Tavlas 1

Why Clashes Between Internal and External Stability Goals End In Currency Crises, 1797-1994 / Michael D. Bordo, Anna J. Schwartz 7

Analyzing and Managing Exchange-Rate Crises / Peter B. Kenen 39

A Currency Transactions Tax, Why and How / James Tobin 63

The Mexican Financial Crises of December 1994 and Lessons to be Learned / Lawrence R. Klein, Alfredo Cutino 71

Country Fund Discounts and the Mexican Crises of December 1994 / Jeffrey A. Frankel, Sergio L. Schmuckler 81

Speculative Attacks and Currency Crises: The Mexican Experience / Inci Otker, Ceyla Pazarbasioglu 105

A Random Coefficient Model of Speculative Attacks: The Case of the Mexican Peso / Joseph Aschheim, Costas Christou, P.A.V.B. Swamy, George S. Tavlas 123

The Lira and the Pound in the 1992 Currency Crisis: Fundamentals or Speculation? / Michele Fratianni, Michael J. Artis 143

Economic Models of Speculative Attacks and the Drachma Crisis of May 1994 / Robert Flood, Charles Kramer 161

The European Monetary System: Crisis and Future / Dominick Salvatore 171

The Lender of Last Resort Function Under a Currency Board: The Case of Argentina / Gerald Caprio, Jr., Michael Dooly, Danny Leipziger, Carl Walsh 195

The Behavior of Foreign Currency Holdings During Currency Crises: Cause and Consequences / Paul Mizen 221.

Notes:

Reprinted from "Open economies review" v. 7, suppl. 1.

Includes bibliographical references and index.

ISBN:

0792398696

OCLC:

36112251