Too Sensational" p. ix Preface p. xi Introduction p. 1 A Long History p. 9 Two Regimes and Three Approaches p. 21 The Fixed-but-Adjustable Exchange Rate Regime p. 41 In-Between Regimes p. 61 The Real Targets Approach: A Diagrammatic Interlude p. 83 What Role for Fiscal Policy? p. 95 Contractionary Devaluation and Unhedged Foreign-Currency-Denominated Borrowing p. 117 Openness and the Size of the Economy: How Do They Affect Regime Choice? p. 133 Lessons from Latin America: Chile, Brazil, Mexico p. 155 Argentina's Great Currency Board Experiment p. 179 Lessons from Asia p. 195 Lessons from Europe p. 227 The Exchange Rate Regime: Too Sensational, Hollowed Out, Unimportant p. 245 Bibliography p. 261 Index p. 271 Table of Contents provided by Publisher. All Rights Reserved.