Customer Reviews

Exchange Rate Misalignment: Concepts and Measurement for Developing Countries (World Bank Publication)

5 star:		(0)
4 star:		(1)
3 star:		(0)
2 star:		(0)
1 star:		(0)

 

 

Hinkle and Montiel have written a very good book. The book is very comprehensive and detailed. Understanding exchange rate issues is not an easy task, but dealing with exchange rate issues in developing countries is more daunting. In this connection, the authors do a very good job in trying to explain the various concepts of exchange rate misalignment in these emerging countries. One particular important aspect of the book is that it lays before the reader the various methodological approaches to measuring exchange rate misalignment in developing countries, and thus makes it easier for the reader to compare the relative merits and demerits of each methodology. In this wise, the reader is saved the trouble and time of having to glean through a slew of literature (very large indeed) in this subject area. The books thus becomes a mini-library of exchange rate related issues in developing countries. The book couldn't have come out in a more opportune time than this when issues of exchange rate crises in developing countries have assumed a center stage in international finance. It is a very good book for graduates students and other researchers interested in exchange rates issues in developing countries.