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Background Note | HBS Case Collection | May 2004 (Revised June 2005)

Exchange Rate Regimes

by Rafael M. Di Tella and Ingrid Vogel

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Abstract

There are many options for a country in the management of monetary policy. At the most basic level is the decision of whether to adopt a fixed or a floating exchange rate. Introduces the economics behind exchange rates and the debate between fixed vs. floating regimes.

Keywords: Currency Exchange Rate; Policy; Macroeconomics; Country;

Format: Print 13 pages EducatorsPurchase

Citation:

Di Tella, Rafael M., and Ingrid Vogel. "Exchange Rate Regimes." Harvard Business School Background Note 704-038, May 2004. (Revised June 2005.)

About the Author

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Rafael M. Di Tella
William Ziegler Professor of Business Administration
Business, Government and the International Economy

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More from the Author

  • Case | HBS Case Collection | June 2017 (Revised April 2018)

    Goodbye IMF Conditions, Hello Chinese Capital: Zambia's Copper Industry and Africa's Break with Its Colonial Past

    Rafael Di Tella, Vincent Pons, Sarah Mehta and David Lane

    Over the past several decades, rapid growth in Chinese investment and trade has created for Africa a new development partner. China represents an alternative to U.S. and European nations whose past imperialism, resource avarice, and economic dictates—through the conditionality of IMF and World Bank lending—remain a negative legacy. This case uses the story of Zambia's Chambishi copper mine, which was purchased in 1998 by the state-owned China Non-Ferrous Metals Mining Corporation, to illustrate China’s growing interest and involvement in the African continent. While many in Africa welcome the substantial Chinese investment, resentment over labor abuses, low pay, and substandard working conditions at some Chinese-owned enterprises fuels anti-China sentiment. At Chambishi copper mine, a 2005 explosion, caused by management's shoddy adherence to safety standards, killed nearly 50 miners and sparked outrage among Zambians. The explosion marked the first in a long series of protests and safety violations that would unfold at Chambishi over the next ten years.

    Keywords: China; Africa; Zambia; copper; imperialism; Development economics; IMF; World Bank; ODA; debt relief; geopolitics; Growth and Development; Business and Stakeholder Relations; Labor and Management Relations; History; Development Economics; China; Zambia; Africa;

    Citation:

    Di Tella, Rafael, Vincent Pons, Sarah Mehta, and David Lane. "Goodbye IMF Conditions, Hello Chinese Capital: Zambia's Copper Industry and Africa's Break with Its Colonial Past." Harvard Business School Case 717-034, June 2017. (Revised April 2018.)  View Details
    CiteView DetailsEducators Related
  • Other Unpublished Work | 2018

    Trump's Populism: What Business Leaders Need To Understand

    Rafael Di Tella

    In the 2016 United States presidential election, candidates from both major political parties used anti-establishment messaging to appeal to Americans, a theme that had been on the sidelines of US political discourse for decades. Donald Trump, in particular, played into the rising anti-establishment sentiment, embracing a populist platform and emphasizing his position as a Washington outsider. Why did his message resonate with voters? Rafael Di Tella discusses how many Americans felt betrayed by the educated “elite” view on globalization, and looked to Trump as a president who would put American workers and values first.

    Keywords: globalization; Government and Politics; social issues; populism; Globalization; Public Opinion; Social Issues; Government and Politics; Demographics; United States;

    Citation:

    Di Tella, Rafael. "Trump's Populism: What Business Leaders Need To Understand." HBS Working Knowledge, March 2018.  View Details
    CiteView Details Read Now Related
  • Article | Journal of Experimental Child Psychology

    The Interplay Between Sharing Behavior and Beliefs About Others in Children During Dictator Games

    Hernando Santamaría-García, María Luz González-Gadea, Rafael Di Tella, Agustín Ibáñez and Mariano Sigman

    Previous studies in adults demonstrated that beliefs and sharing decisions in social scenarios are closely related. However, to date, little is known about the development of this relationship in children. By using a modified dictator game, we assessed sharing behavior and beliefs about others in children between 3 and 12 years old. We performed four studies (N = 376) aimed to assess whether decisions were related to beliefs (Studies 1 and 2) and whether information about the recipient’s forced sharing behavior would shape decisions and beliefs (Studies 3 and 4). Results of Studies 1 and 2 showed that beliefs about others’ generosity were related to children’s sharing behavior. In Studies 3 and 4, we found that only children older than 9 years shared more pieces of candy when they knew that the recipient would be forced to share (cooperative context) than when they knew that the recipient would be forced not to share (noncooperative context). Besides, children older than 6 years did not modify their beliefs about others’ generosity according to these social contexts. These results suggest that normative or preconceived beliefs about the functioning of the social world may guide social behavior in children.

    Keywords: Dictator game; altruism; Generosity; decision making; Development; Conveniently upset; Behavior; Values and Beliefs; Perception; Decision Making;

    Citation:

    Santamaría-García, Hernando, María Luz González-Gadea, Rafael Di Tella, Agustín Ibáñez, and Mariano Sigman. "The Interplay Between Sharing Behavior and Beliefs About Others in Children During Dictator Games." Journal of Experimental Child Psychology 166 (February 2018): 451–464.  View Details
    CiteView DetailsFind at Harvard Read Now Related
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