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dc.contributor.authorMakin, Tonyen_US
dc.contributor.editorProfessor Euston Quahen_US
dc.date.accessioned2017-04-24T09:17:24Z
dc.date.available2017-04-24T09:17:24Z
dc.date.issued2007en_US
dc.date.modified2008-04-13T23:26:31Z
dc.identifier.issn02175908en_US
dc.identifier.urihttp://hdl.handle.net/10072/17485
dc.description.abstractThis paper presents a simple framework for analysing the macroeconomic effects of internal and external shocks under polar exchange rate regimes. It highlights the significance of fluctuations in competitiveness and real income for exchange rate policy, revealing that positive (negative) real shocks increase (decrease) national income and strengthen (weaken) the balance of payments and exchange rate. It also shows that, ceteris paribus, pegged exchange rates facilitate real income growth for emerging economies while lowering its variability when exports and productivity are improving and monetary shocks predominate. Alternatively, a floating exchange rate system may be most appropriate for less open advanced economies with relatively stable monetary sectors that frequently experience negative real shocks.en_US
dc.description.peerreviewedYesen_US
dc.description.publicationstatusYesen_AU
dc.languageEnglishen_US
dc.language.isoen_AU
dc.publisherPublishing Company World Scientificen_US
dc.publisher.placeSingaporeen_US
dc.relation.ispartofstudentpublicationNen_AU
dc.relation.ispartofpagefrom39en_US
dc.relation.ispartofpageto52en_US
dc.relation.ispartofissue1en_US
dc.relation.ispartofjournalThe Singapore Economic Reviewen_US
dc.relation.ispartofvolume52en_US
dc.rights.retentionYen_AU
dc.subject.fieldofresearchcode340102en_US
dc.titleTo Peg or Not to Peg?en_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Peer Reviewed (HERDC)en_US
dc.type.codeC - Journal Articlesen_US
gro.facultyGriffith Business School, Department of Accounting, Finance and Economicsen_US
gro.date.issued2007
gro.hasfulltextNo Full Text


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