Product Description: Throughout history, rich and poor countries alike have been lending, borrowing, crashing--and recovering--their way through an extraordinary range of financial crises. Each time, the experts have chimed, ""this time is different""--claiming that the old rules of valuation no longer apply and that the new situation bears little similarity to past disasters...read more

Product Description: This study examines the historical durability and performance of alternative exchange rate regimes, particularly for developing and emerging market countries. Findings include that whilst emerging market countries need to consider adopting more flexible exchange rate regimes as they develop economically and institutionally, fixed or relatively rigid exchange rate regimes have also proved to have benefits for poorer countries...read more

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