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The dynamics of a complex system: The exchange rate crisis in Southeast Asia

✍ Scribed by Fotios M. Siokis

Book ID
116423077
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
561 KB
Volume
114
Category
Article
ISSN
0165-1765

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## Abstract Recent financial crises seem to have led to the broad consensus that developing countries should steer clear of exchange rate regimes that lie anywhere between the two extremes or [corner solutions] of credibly fixed or flexible arrangements. But is this a reasonable position to adopt?