Exchange Rate Regimes or Finite Mathematics

Exchange Rate Regimes: Choices and Consequences

Author: Atish R Ghosh

Few topics in international economics are as controversial as the choice of an exchange rate regime. Since the breakdown of the Bretton Woods system in the early 1970s, countries have adopted a wide variety of regimes, ranging from pure floats at one extreme to currency boards and dollarization at the other. While a vast theoretical literature explores the choice and consequences of exchange rate regimes, the abundance of possible effects makes it difficult to establish clear relationships between regimes and common macroeconomic policy targets such as inflation and growth.

This book takes a systematic look at the evidence on macroeconomic performance under alternative exchange rate regimes, drawing on the experience of some 150 member countries of the International Monetary Fund over the past thirty years. Among other questions, it asks whether pegging the exchange rate leads to lower inflation, whether floating exchange rates are associated with faster output growth, and whether pegged regimes are particularly prone to currency and other crises. The book draws on history and theory to delineate the debate and on standard statistical methods to assess the empirical evidence, and includes a CD-ROM containing the data set used.

Table of Contents:

1	Introduction	1
2	A Short History of the International Monetary System	5
3	The Theory of Exchange Rate Regimes	23
4	Classifying Exchange Rate Regimes	39
5	Facts and Figures	53
6	Inflation, Growth, and the Exchange Rate Regime	75
7	Macroeconomic Stabilization and the Exchange Rate Regime	107
8	Exits and Crises	149
9	Conclusions	173
	Appendix	175
	Notes	197
	References	213
	Index	229

Interesting book: Ending the Tobacco Holocaust or Create a Reward Plan for Your Child with Asperger Syndrome

Finite Mathematics: An Applied Approach

Author: Abshalom Mizrahi

This solid introduction to finite mathematics is known for clarity and completeness. The text includes a thorough discussion of matrices, linear programming, probability and statistics and is filled with applied examples and exercises. Many exercises are taken directly from CPA, CMA and actuary exams.

Booknews

A revised edition of Finite Mathematics with Applications for Business and Social Science (1992). A textbook that presents the mathematics required in business and the social sciences, with emphasis on real-world applications. This edition enlarges the range of applications to include those using a graphing calculator; adds new examples, applied problems, and technology exercises; and includes a new appendix which contains examples of solving linear programming problems using the LINDO software package. Annotation c. Book News, Inc., Portland, OR (booknews.com)