Bringing about realistic exchange rates : a post-Asian Financial Crisis perspective

Lok Sang HO

doi:10.1007/978-1-4615-1041-3_8

Bringing about realistic exchange rates : a post-Asian Financial Crisis perspective

Lok Sang HO

Department of Economics

Research output: Book Chapters | Papers in Conference Proceedings › Book Chapter › Research › peer-review

Abstract

This chapter argues that both fixed exchange rates and floating exchange rates can lead us to currency crises, as the host currency may be too strong or the floating currency may itself become too strong. What is needed is “realistic exchange rates” that are compatible with full employment and external balance. This chapter attempts to define the concept and to offer a mechanism for approximating realistic exchange rates operationally.

Original language	English
Title of host publication	Exchange rate regimes and macroeconomic stability
Publisher	Kluwer Academic Publishers
Pages	133-144
Number of pages	12
ISBN (Print)	9781461353652
DOIs	https://doi.org/10.1007/978-1-4615-1041-3_8
Publication status	Published - 1 Jan 2003

Bibliographical note

Paper presented at the 1st Biennial Conference of the Hong-Kong-Economic-Association, 16-Dec-2000, Hong Kong, China.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 10 Reduced Inequalities

Access to Document

10.1007/978-1-4615-1041-3_8

Cite this

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