Exchange Rate Policies for Emerging Markets

Exchange Rate Policies for Emerging Markets

"Systematic Managed Floating," 2019, Open Economies Review, April, vol 30, no.2 pp.255-295. Draft 2019.  Reprinted, 2021, in The Asian Monetary Policy Forum: Insights for Central Banking, S.Davis, E.Robinson and B.Yeung, eds. (World Scientific Publ. Co. Pte Ltd). NBER WP 23663Data appendix2017.  

"Choosing an Exchange Rate Regime,” 2012, in The Handbook of Exchange Rates,”  edited by Jessica James, Ian W. Marsh and Lucio Sarno (John Wiley).  MRCBG WP No. 2011-16, Harvard University, 2011.

Estimation of De Facto Flexibility Parameter and Basket Weights in Evolving Exchange Rate Regimes,”  with Daniel Xie,  2010, American Economic Review Papers & Proceedings, 100, MaySlides presented at De Nederlandsche Bank, Amsterdam, June 2010.  HKS RWP 10-005; NBER WP No. 15620; Peterson Institute for International Economics WP 10-1.

New Estimation of China’s Exchange Rate Regime,” 2009, Pacific Economic Review  (Wiley InterScience, Blackwell Publ.), 346-360.  "New Estimation of the RMB Regime" (incl. appendix tables) in China’s Emerging Financial Markets: Challenges and Opportunities, J.Tatom, G.Yago, and J. Barth, eds. (Springer).  RWP08-077, Harvard University; NBER WP no. 14700, 2009.

"Estimation of De Facto Exchange Rate Regimes:  Synthesis of  The Techniques for Inferring Flexibility and Basket Weights,"  Version, with most tables cut in IMF Staff Papers vol. 55, 2008.   Annual Research Conference,  International Monetary Fund,  Nov., 2007.  slides.    With complete appendices: NBER WP 14016; replication files.    HKS RWP-026, May 2008, with half the tables.  Complete version, with all tables, CID WP, 157, March 2008;  Replication files.

"On the Rand: Determinants of the South African Exchange Rate,"  South African Journal of Economics, 75, no.3, September 2007.  Slides, U.Stellenbosch.  CID WP139 KSG RWP07-015.   NBER WP 13050, April 2007.  Slides.   "On the Rand: Update Note," July 2007South Africa.

"Contractionary Currency Crashes in Developing Countries,"  IMF Staff Papers, 2005 The Mundell Fleming Lecture, IMF 5th Annual Research Conference, Nov. 5, 2004.   Harvard Kennedy School RWP04-037;  NBER Working Paper No. 11508

 "On the Tenge: Monetary and Exchange Rate Policy for Kazakhstan," Consultancy for government of Kazakhstan, CID, Apr. 2005.  Russian translation, ADB, 2009.

"Experience of and Lessons from Exchange Rate Regimes in Emerging Economies," in Monetary and Financial Cooperation in East Asia, Asian Development Bank (Macmillan Press), 2003.  Written for a study coordinated by Takatoshi Ito and Yung Chul Park.   NBER Working Paper 10032; Harvard Kennedy School RWP03-011.

"A Proposed Monetary Regime for Small Commodity ExportersPeg the Export Price (PEP),"  International Finance (Blackwill Publishers), vol. 6, no. 1, Spring 2003, 61-88.  HKS RWP 03-003.

"A Proposal to Anchor Monetary Policy by the Price of the Export Commodity":  with Ayako Saiki, in Journal of Economic Integration, September 2002, Vol. 17, No. 3, 417-448. 

 "Should Gold-Exporters Peg Their Currencies to Gold?Research Study No. 29 for the World Gold Council, London, 2002.  

"Verifiability and "Verifiability and the Vanishing Intermediate Exchange Rate Regime," with Sergio Schmukler and Luis Servén; Brookings Trade Forum 2000, edited by Susan Collins and Dani Rodrik (Brookings Institution, Washington DC).  NBER Working Paper 7901.

"Verifiability: A Rationale for the Failure of Intermediate Exchange Rate Regimes,"  InterAmerican Seminar in Economics, Buenos Aires, Dec. 3-4, 1999, organized by S. Edwards and E. Zablotsky. World Bank Policy Research Working Paper No. 2397. 

"Verifying Exchange Rate Regimes" with Eduardo Fajnzylber, Sergio Schmukler, and Luis Serven, Journal of Development Economics, vol. 66, no. 809, October 2001: 351-386.

"No SIngle Currency Regime is Right for All Countries, or at All Times,"  Essays in International Finance No. 215 (Princeton University Press), 1999.  Graham Lecture, Princeton University, April 20, 1999; NBER Working Paper No. 7338. /////////

 

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