Background
Goldstein, Morris was born on October 13, 1944 in New York City. Son of Lewis and Belle (Hagler) Goldstein.
(In this analysis, Morris Goldstein examines currency-regi...)
In this analysis, Morris Goldstein examines currency-regime choices for emerging economies that are heavily involved with private capital markets. The author argues that the best regime choice for such economies would be managed floating plus, where "plus" is shorthand for a framework that includes inflation targeting and aggressive measures to discourage currency mismatching. Goldstein argues that if managed floating were enhanced in this way, it would retain the desirable features of a flexible rate regime while addressing the nominal anchor and balance-sheet problems that have historically underpinned a "fear of floating" and handicapped the performance of managed floating in emerging economies. The author also shows why managed floating plus is superior to four alternative currency-regime options - an adjustable peg system, a "BBC (basket, band, crawl) regime", a currency board, and dollarization.
http://www.amazon.com/gp/product/0881323365/?tag=2022091-20
(Ever since the ERM crises of 1992-93 and the Mexican cris...)
Ever since the ERM crises of 1992-93 and the Mexican crisis of 1994-95, there has been a heightened interest in early-warning signals of financial crises. This study reviews the literature on the origins of currency and banking crises. It then presents a comprehensive battery of empirical tests on the performance of alternative early-warning indicators for emerging-market economies. The study identifies crisis-threshold values for early-warning indicators that differ both by country and by indicator. This allows the authors to make historical comparisons among banking or currency crises, as well as to draw conclusions about which specific indicators have, over time, sent the most reliable early-warning signals of future currency or banking crises in emerging markets.
http://www.amazon.com/gp/product/0881322377/?tag=2022091-20
(A summary of what we know about the origins of currency m...)
A summary of what we know about the origins of currency mismatching in emerging economies. It discusses how best to define and measure currency mismatching and reviews policy options for reducing the size of the problem.
http://www.amazon.com/gp/product/0881323608/?tag=2022091-20
(The turmoil that rocked Asian foreign exchange and equity...)
The turmoil that rocked Asian foreign exchange and equity markets during 1998 is the subject of this book. The study explains how the Asian crisis arose and spread. It then goes on to outline the kinds of corrective policy measures and reforms that could help end the crisis and reduce the chances of recurrence. In analyzing the origins of the Asian financial crisis, the author emphasizes three interrelated sets of factors: financial sector weaknesses in Asian emerging economies; concerns about external sector problems in these countries; and contagion of financial pressures from Thailand. The discussion of policy initiatives to help end the crisis focuses on: restructuring and reform of financial sectors and prudential oversight in Asian emerging economies; on fiscal policies and measures to deal with the bad loan problems in Japan; and on the design and effectiveness of IMF-led official rescue packages.
http://www.amazon.com/gp/product/088132261X/?tag=2022091-20
economist international economist
Goldstein, Morris was born on October 13, 1944 in New York City. Son of Lewis and Belle (Hagler) Goldstein.
AB, Rutgers University, 1966; Doctor of Philosophy, New York University, 1971.
Economist International Monetary Fund, Washington, 1970-1977, senior economist, 1977-1981, advisor, 1981-1985, assistant director, 1985-1987, deputy director, since 1987. Dennis Weatherstone senior fellow Peterson Institute International Economics, since 1994. Member Council Foreign Relations, Bellagio Group, Pew Task Force Finance Reaulatorv Reform.
(Ever since the ERM crises of 1992-93 and the Mexican cris...)
(In this analysis, Morris Goldstein examines currency-regi...)
(The turmoil that rocked Asian foreign exchange and equity...)
(A summary of what we know about the origins of currency m...)
Author: Have Flexible Exchange Rates Handicapped Macroeconomic Policy, 1990, Case for lnternationai Banking Standard, 1997, The Asian Financial Crisis, 1998, Managed Floating Plus, 2004. Co-author: lncome and Price Effects in Foreign Trade, 1985, Assessing Financial Vulnerability in Emerging Markets, 2000, Controlling Currency Mismatches in Emerging Markets, 2004, The Future of China's Exchange Rate Policy, 2009. Co-editor: lnternational Policv Coordination and Exchange Rate Fluctuations, 1990, Functioning of the lnternationai Monetary System, 1996, Debating China's Exchange Rate Policy, 2008.Contributor articles to professional journals.
Member American Economic Association.
Married Margaret A. Aruck, July 26, 1970. Children: Daniel, David, Lewis.