The Crawling Band as an Exchange Rate Regime: Lessons from Chile, Colombia, and Israel - Softcover

Williamson, John

Softcover

ISBN 10: 0881322318 ISBN 13: 9780881322316

Publisher: Peterson Institute for International Economics, 1996

Synopsis

This study examines in detail the experiences of three countries that have in recent years operated exchange rate systems of "crawling bands," similar in spirit to the target zones that the author has recommended in the past. Williamson compares the succcessful experiences of 3 countries that have operated crawling bands with 15 similar countries and concludes that the crawling band exchange-rate policy has been an important element in their success. The study includes a manual for managing crawling bands.

About this title

About the Author

John Williamson, senior fellow (retired), was associated with the Institute from 1981 to 2012. He was project director for the UN High-Level Panel on Financing for Development (the Zedillo Report) in 2001; on leave as chief economist for South Asia at the World Bank during 1996–99; economics professor at Pontifica Universidade Católica do Rio de Janeiro (1978–81), University of Warwick (1970–77), Massachusetts Institute of Technology (1967, 1980), University of York (1963–68), and Princeton University (1962–63); adviser to the International Monetary Fund (1972–74); and economic consultant to the UK Treasury (1968–70).

Review

Another catalytic and provocative study! (Ralph C. Bryant, The Brookings Institution)

[A] fine piece of work. (Robert Solomon)

...makes a very persuasive case that this intermediate regime is viable. (Michael Gavin, Inter-American Development Bank)

Edition details

• Publisher: Peterson Institute for International Economics
• Publication date: 1996
• ISBN 10: 0881322318
• ISBN 13: 9780881322316
• Binding: Paperback
• Language: English
• Edition number: 1
• Number of pages: 200