This book presents theoretical and empirical analyses of the new developments in exchange rate regimes in developing countries since the 1990s. It addresses a variety of exchange rate regimes from hard peg to floating and their impact in regions such as East Asia, Latin America and Eastern Europe. From this we can observe diverse case studies of how various exchange rate regimes relate to national economy in developing countries.

De Facto Exchange Rate Regimes in Emerging Market Countries, 1990-2001:
Some Empirical Evidence; T.Esaka
Roles of Hard Pegs in Developing and Transition Countries: Cases of Argentina, Estonia, Bulgaria, and Ecuador; H.Mitsuo
Monetary Policy in Brazil under Flexible Exchange Rate; S.Nishijima
Fluctuations in the Yen/Dollar Exchange Rate, East Asian Business Cycles, and Asian Currency Crisis; M.Kumakura
East Asian Monetary Integration: An Empirical Assessment of the Optimum Currency Area Criteria; K.Sato
Trade Competition and Real Exchange Rates; M.Kumakura
Effects of Exchange Rate Revaluation under Price Controls and Endogenous Quality Adjustment; K.Furuya

HISAYUKI MITSUO is a Researcher at the Institute of Developing Economies (IDE-JETRO), Japan, specializing in monetary policy in developing countries.