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This book examines the options for adopting an appropriate model of the exchange rate determination and its associated regime suitable for developing countries. It shows that a credible exchange rate regime and policy may mitigate the flight to currency from broad money, and ensure stability and certainty for private sectors.
‘This book makes a huge impact on our understanding of the exchange rate determination in developing countries. I strongly recommend you to read this book.’ – Professor Dr Syahril Sabirin, former Governor of Bank Indonesia (Indonesian Central Bank)
‘This book gives a very high quality and significant contribution to the research in exchange rate determination and financial economics in general. This is a book that must be read.’ – Professor Dr Datuk Mashkuri Yaacob, Vice Chancellor, Tenaga National University, Malaysia
‘This book develops a unified approach to the analysis of exchange rate determination in developing countries. Its quantitative approach is very sophisticated and relevant to the application of the finance software.’ – Ichad Irsyad, Microsoft, Seattle.
‘I find this book a valuable contribution to the literature in international finance. It is very useful to researchers, academics, practitioners, policy makers, and postgraduate students.’ – Nevi Danila PhD, President, Malangkucecwara School of Economics, Malang
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