Ramkishen Rajan 论文之二 CURRENCY BASKET REGIMES

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东亚一篮子货币制度，除了其他汇率制度之外的最糟汇率制度，CURRENCY BASKET REGIMES FOR SOUTHEAST ASIA:THE WORST SYSTEM WITH THE EXCEPTION OF  ALL OTHERS，by Ramkishen S. Rajan,发表于June 2000，Abstract: Following the recent financial crises in Southeast Asia and elsewhere, the perennial issue of the exchange rate policy options for small and open developing countries has resurfaced. There seems to be an emerging consensus that the frequency with which “soft pegs” have been susceptible to speculative attacks in this era of escalating global capital flows, has increased pressure for developing countries to adopt corner solutions to exchange rates arrangements. This paper takes issue with this popular - "one-size-fits-all" - prescription of exchange rate arrangements for developing countries and explores exchange rate policy options for Southeast Asia.

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关键词：Ramkishen currency Regimes basket regime Ramkishen Rajan

thank u for sharing