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1. 1 The context What factors determine a country s exchange rate regime? Since the col- lapse of the Bretton Woods system of fixed exchange rates in 1973 eco- nomists have been increasingly interested in answering this question. Ana- lysts focused primarily on the possible influence of optimum currency area (OCA) criteria such as a country s size openness to trade or factor mobi- lity. More recent approaches emphasized the nature and the sources of shocks to which an economy is exposed or explicitly took imperfections on financial markets into account. However despite a large body of work litt- le consensus has emerged about the determinants of exchange rate regime choice. The existing empirical literature could not identify a single variable as a clear predictor of exchange rate regime choice and even among eco- nomically comparable countries large discrepancies in exchange rate pol- icy have been observed (see e. g. the survey on the literature in Juhn and Mauro 2002). The inconclusiveness of traditional approaches to explain exchange rate regime choice is the stimulus for this dissertation. My main point is that political and institutional conditions help to account for differences in ex- change rate policy. Li other areas of economic policy it has become stan- dard to argue that government s macroeconomic preferences are an impor- tant determinant in economic policymaking and should not be neglected when analyzing macroeconomic outcomes.

Agile software development has become an umbrella term for a number of changes in how software developers work. This book presents a comprehensive snapshot of the knowledge gained over many years of research by those working closely with or in the industry.

T-box Genes in Development and Disease looks at the genes encoding the T-box family of transcription factors function as key regulators of many important decision processes during embryonic and tissue development. The importance of these genes is further underlined by the fact that most members of this gene family have been conserved during evolution from worms to humans. This book brings together the current information on conserved aspects with the evolutionary innovations of the functions of these genes during developmental regulation in various animal species and then discusses their important roles in human disease.

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