Adjustable pegged exchange rate: Pegging and adjustment

Author: Nie Dan
Publisher:
Publish Date: 2002-05-01
Features: Since the 1980s, major events in the international community, such as the Latin American debt crisis, the European Exchange Rate Mechanism crisis, the Mexican financial crisis, and the Asian financial crisis, have all been related to the maintenance and adjustment of fixed exchange rates. However, among the vast body of research on currency crises in both domestic and international economics, there are no dedicated studies on fixed exchange rates. As a PhD in world economics, the author of this book has written it from a unique theoretical perspective, with the courage for academic innovation and solid academic foundation. It not only provides theoretical explanations for scholars in the professional field but also offers policy guidelines for macroeconomic management by governments. It can be said that this book is the first systematic monograph in China to study fixed exchange rate management.