Skip to main content

The Exchange Rate: Shock Generator or Shock Absorber?

  • Chapter
The Eastern Enlargement of the Eurozone

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  • Caballero, R.J. & Krishnamnurthy A. (2002). Excessive dollar debt: financial development and underinsurance. MIT Department of Economics Working Paper, 02-15, March 1, http://ssrn.com/abstract=306360

    Google Scholar 

  • Calvo, G. & Reinhart C. M. (2000). Fear of floating. NBER Working Paper 7993. National Bureau of Economic Research, Cambridge MA, November.

    Google Scholar 

  • Canzoneri, M.B, Cumby R.E. & Diba, B.T. (1998). Fiscal discipline and exchange rate regimes. CEPR Discussion Paper, 1899, London.

    Google Scholar 

  • Cukierman, A. (1992). Central bank strategy, credibility and independence: Theory and Evidence. MIT Press.

    Google Scholar 

  • Fischer, S. (1993). Role of macroeconomic factors in growth. Journal of Monetary Economics, 32, 485–512.

    Article  Google Scholar 

  • Fleming, M. (1962). Domestic financial policies under fixed and floating exchange rates. IMF Staff Papers, 9, 369–380.

    Google Scholar 

  • Ghosh, A., Gulde A.M. & H. Wolfe (2002). Exchange rate regimes: choices and consequences. MIT Press.

    Google Scholar 

  • Hausmann, R., Panizza U. & Stein E. (2001). Why do countries float the way they float? Journal of Development Economics, 66(2), 387–414.

    Article  Google Scholar 

  • Jeanne, O. (2002). Why do emerging economies borrow in foreign currency? Presented at the conference ‘Currency and Maturity Matchmaking: Redeeming Debt from Original Sin’, IADB, Washington DC, November.

    Google Scholar 

  • Mundell, R.A. (1961). A theory of optimum currency areas. American Economic Review, 51(3), 657–665.

    Google Scholar 

  • Mundell, R.A. (1963). Capital mobility and stabilization policy under fixed and flexible exchange rates. The Canadian Journal of Economics and Political Science, XXIX(4), 475–485, November.

    Article  Google Scholar 

  • Romer, D. (1993). Openness and inflation: theory and evidence. Quarterly Journal of Economics, CVIII, 869–903.

    Article  Google Scholar 

  • Reinhart, C.M. & Rogoff K.S. (2002). The modern history of exchange rate arrangements: a reinterpretation. NBER Working Paper, 8963, National Bureau of Economic Research, Cambridge MA, June.

    Google Scholar 

  • Tornell, A. & Velasco A. (2000). Fixed versus flexible exchange rates: which provides more fiscal discipline. Journal of Monetary Economic, 45, 399–436.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2006 Springer

About this chapter

Cite this chapter

Maliszewska, M., Maliszewski, W. (2006). The Exchange Rate: Shock Generator or Shock Absorber?. In: Dabrowski, M., Rostowski, J. (eds) The Eastern Enlargement of the Eurozone. Springer, Boston, MA. https://doi.org/10.1007/0-387-25766-7_2

Download citation

Publish with us

Policies and ethics