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dc.contributor.authorMakin, Anthony J
dc.contributor.editorProfessor Euston Quah
dc.date.accessioned2017-05-03T12:19:24Z
dc.date.available2017-05-03T12:19:24Z
dc.date.issued2007
dc.date.modified2008-04-13T23:26:31Z
dc.identifier.issn0217-5908
dc.identifier.urihttp://hdl.handle.net/10072/17485
dc.description.abstractThis paper presents a simple framework for analysing the macroeconomic effects of internal and external shocks under polar exchange rate regimes. It highlights the significance of fluctuations in competitiveness and real income for exchange rate policy, revealing that positive (negative) real shocks increase (decrease) national income and strengthen (weaken) the balance of payments and exchange rate. It also shows that, ceteris paribus, pegged exchange rates facilitate real income growth for emerging economies while lowering its variability when exports and productivity are improving and monetary shocks predominate. Alternatively, a floating exchange rate system may be most appropriate for less open advanced economies with relatively stable monetary sectors that frequently experience negative real shocks.
dc.description.peerreviewedYes
dc.description.publicationstatusYes
dc.languageEnglish
dc.language.isoeng
dc.publisherPublishing Company World Scientific
dc.publisher.placeSingapore
dc.relation.ispartofstudentpublicationN
dc.relation.ispartofpagefrom39
dc.relation.ispartofpageto52
dc.relation.ispartofissue1
dc.relation.ispartofjournalThe Singapore Economic Review
dc.relation.ispartofvolume52
dc.rights.retentionY
dc.subject.fieldofresearchEconomics
dc.subject.fieldofresearchcode38
dc.titleTo Peg or Not to Peg?
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.date.issued2007
gro.hasfulltextNo Full Text
gro.griffith.authorMakin, Tony J.


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