Exchange Rates, Capital Flows, and Monetary Policy in a Changing World Economy: Proceedings of a Conference Federal Reserve Bank of Dallas Dallas, Texas September 14–15, 1995 By William C. Gruben, David M. Gould (auth.), William C. Gruben, David M. Gould, Carlos E. Zarazaga (eds.)
1997 | 242 Pages | ISBN: 1461378311 | PDF | 7 MB
1997 | 242 Pages | ISBN: 1461378311 | PDF | 7 MB
The dramatic growth of international capital flow has provided unprecedented opportunities and risks in emerging markets. This book is the result of a conference exploring this phenomenon, sponsored by the Federal Reserve Bank of Dallas. The issues explored include direct versus portfolio investment; exchange rates and economic growth; and optimal exchange rate policy for stabilizing inflation in developing countries. It concludes with a panel discussion on central bank coordination in the midst of exchange rate instability.