"Most of the literature on exchange rate regimes has focused on the developed countries. Since the recent crises in emerging markets, however, attention has shifted to the choice of exchange rate regimes for developing countries, especially those that are more integrated into the world capital markets. In Too Sensational: On the Choice of Exchange Rate Regimes, W. Max Corden presents a systematic and accessible overview of the topic.

Reviewing many types of regimes, he shows how the choice of an exchange rate regime is related to both fiscal policy and trade policy."--BOOK JACKET.