Exchange Rate Rules: The Theory, Performance and Prospects of the Crawling Peg

Front Matter....Pages i-xxi
Front Matter....Pages 1-1
The Crawling Peg in Historical Perspective....Pages 3-37
Monetary Control and the Crawling Peg....Pages 38-54
Exchange Rate Rules and Macroeconomic Stability....Pages 55-67
The Analysis of Floating Exchange Rates and the Choice Between Crawl and Float....Pages 68-87
Purchasing Power Parity as a Rule for a Crawling Peg....Pages 88-110
Front Matter....Pages 111-111
The Crawling Peg and Exchange Rate Uncertainty....Pages 113-139
The Brazilian Experience with the Crawling Peg....Pages 140-151
Exchange Rate Policies in Chile: The Experience with the Crawling Peg....Pages 152-180
Crawling Peg Systems and Macroeconomic Stability: The Case of Argentina 1971–8....Pages 181-206
Experience with the Crawling Peg in Colombia....Pages 207-229
Exchange Rate Policies in Peru, 1971–9....Pages 230-242
Portugal’s Crawling Peg....Pages 243-251
Floating Versus Crawling: Israel 1977–9 by Hindsight....Pages 252-281
The Impact of the Float on LDCs: Latin American Experience in the 1970s....Pages 282-297
Experiences of Asian Countries with Various Exchange Rate Policies....Pages 298-323
Front Matter....Pages 325-325
Inflation and Growth: Exchange Rate Alternatives for Mexico....Pages 327-350
The European Monetary System-An Approximate Implementation of the Crawling Peg?....Pages 351-370
United States Economic Interests and Crawling Peg Systems....Pages 371-390
Concluding Session: Panel Discussion....Pages 391-403
Back Matter....Pages 404-410