Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues -- Contents -- Acknowledgments -- Introduction -- 1. The Choice of Exchange Rate Regime in Developing and Middle Income Countries -- 2. Contagious Currency Crises: Channels of Conveyance -- 3. Current Account Deficits and Capital Flows in East Asia and Latin America: Are the Early Nineties Different from the Early Eighties? -- 4. Economic Growth and Real Exchange Rate: An Overview of the Balassa-Samuelson Hypothesis in Asia -- 5. Resource Endowments and the Real Exchange Rate: A Comparison of Latin America and East Asia -- 6. Private Consumption, Nontraded Goods, and Real Exchange Rate: Evidence from South Korea and Taiwan -- 7. The Yen and Its East Asian Neighbors, 1980-1995: Cooperation or Competition? -- 8. Exchange Rate Pass-through and Industry Characteristics: The Case of Taiwan's Exports of Midstream Petrochemical Products -- 9. Evaluation of Korea's Exchange Rate Policy -- 10. Issues in Korean Exchange Rate Policy -- 11. Liberalization of Capital Flows in Korea: Big Bang or Gradualism? -- 12. The Foreign Exchange Allocation Policy in Postwar Japan: Its Institutional Framework and Function -- 13. The Syndrome of the Ever-Higher Yen, 1971-1995: America Mercantile Pressure on Japanese Monetary Policy -- 14. Testing for the Fundamental Determinants of the Long-Run Real Exchange Rate: The Case of Taiwan -- 15. Hong Kong's Currency Board and Changing Monetary Regimes -- Contributors -- Author Index -- Subject Index.