Friday 29 November 2013

Saturday 16 November 2013

looking for reforms



My notes :-

  • Exchange Rate Management and Crisis Susceptibility - Atish R Ghosh & 2 Ors
  • Choice of exchange rate regime - earlier the conventional wisdom was to choose either  hard peg or the float, and to avoid the intermediate - this is known as the bipolar prescription. The intermediate is most prone to crisis
  • After 10-15 years, Argentina collapse 2002, Emerging Europe crisis, so is hard peg really good thing ?
  • When do we change regime ?
  • What is free float ? No government intervention