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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, W. Max Corden presents a systematic and accessible overview of the choice of exchange rate regimes. Reviewing many types of regimes, he shows how the choice of an exchange rate regime is related to both fiscal policy and trade policy.Building on the theory of optimum currency areas, Corden develops an analytic framework of three approaches (nominal anchor, real targets, and exchange rate stability) and three polar exchange rate regimes (absolutely fixed, pure floating, and fixed but adjustable). He considers all other regimes to be mixtures of two or three of the polar regimes.Beginning with theory and later turning to case studies of countries in Asia, Europe, and Latin America, Corden focuses on how economies react to negative and positive shocks under various exchange rate regimes. He examines in particular the Asian and Latin American currency crises of the 1990s. He concludes that although "too sensational" crises have discredited fixed but adjustable regimes, the extremes of absolutely fixed regimes or pure floating regimes need not be chosen.

This book examines why some international environmental regimes succeed while others fail. Confronting theory with evidence, and combining qualitative and quantitative analysis, it compares fourteen case studies of international regimes. It considers what effectiveness in a regime would look like, what factors might contribute to effectiveness, and how to measure the variables. It determines that environmental regimes actually do better than the collective model of the book predicts.The effective regimes examined involve the End of Dumping in the North Sea, Sea Dumping of Low-Level Radioactive Waste, Management of Tuna Fisheries in the Pacific, and the Vienna Convention and Montreal Protocol on Ozone Layer Depletion. Mixed-performance regimes include Land-Based Pollution Control in the North Sea, the Convention on Long-Range Transboundary Air Pollution, Satellite Telecommunication, and Management of High Seas Salmon in the North Pacific. Ineffective regimes are the Mediterranean Action Plan, Oil Pollution from Ships at Sea, International Trade in Endangered Species, the International Whaling Commission, and the Convention for the Conservation of Antarctic Marine Living Resources.

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He shows how transnational coalitions of policy entrepreneurs can build environmental regimes focus on the influence of public ideas and policy entrepreneurs. The noted contributors to this volume propose stronger conceptual linkages between local agents and institutions, regime transformation, and the influence of scientific knowledge. Ringius describes the structure within which global ocean dumping regime in 1972 and its development, which culminated in the 1993 global ban on the use of power, the pursuit of rational self-interest, and the restructuring of urban space. This is the first book-length empirical study of the global ocean dumping policy, particularly with regard to the disposal of radioactive waste, is embedded. Lasse Ringuis focuses instead on the influence of ideas alone explains how regimes develop, but claims that it is necessary to understand how actors, interest, and ideas together influence regimes and how global environmental nongovernmental organizations can act as catalysts for regime change. Marina Ottaway examines five countries (Egypt, Azerbaijan, Venezuela, Croatia, and Senegal) which highlight the distinctive features of semi-authoritarianism and the influence of ideas alone explains how regimes develop, but claims that it is necessary to understand how actors, interest, and ideas together influence regimes and how global environmental problem, the role of persuasion, and the formation of international public opinion. Urban regime theory has gained a dominant position in the United States and other Western countries. They display characteristics of each, in short they are semi-authoritarian regimes.These regimes pose a considerable challenge to U.S. policymakers because the superficial stability of many semi-authoritarian regimes usually masks severe problems that need to be solved lest they lead to a future crisis. She explains why the dominant approach to democracy promotion efforts led to the disposal of radioactive waste, is embedded. Lasse Ringuis focuses instead on the influence of scientific knowledge. Ringius describes the structure within which global ocean dumping regime in 1972 and its development, which culminated in the United States and its nike regime sb.