Modern Exchange-rate Regimes, Stabilisation Programmes and Co-ordination of Macroeconomic Policies: Recent Experiences of Selected Developing Latin American EconomiesThis work analyzes the phenomenon of macroeconomic adjustment, with special emphasis on selected Latin American countries facing stabilization programmes. It provides a historical description of the origins, functioning and collapse of exchange-rate regimes from the international classical gold standard period to modern arrangements. The author supports the argument that systemic asymmetries in the worldwide adjustment mechanism are inherent in the international monetary system. |
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Page 76
... peso , the replacement of the existing paper currencies by a new national peso ( at par with gold ) whose issue by approved banks was subject to regulation by the national government , and the convertibility of paper pesos into gold ...
... peso , the replacement of the existing paper currencies by a new national peso ( at par with gold ) whose issue by approved banks was subject to regulation by the national government , and the convertibility of paper pesos into gold ...
Page 189
... peso denominated bonds moved from 22.6 percent before the crisis to 38.9 percent at the end of February ) , 29 and the Argentine Finance Minister , Domingo Cavallo , knocking on doors in New York City , assuring financial leaders that ...
... peso denominated bonds moved from 22.6 percent before the crisis to 38.9 percent at the end of February ) , 29 and the Argentine Finance Minister , Domingo Cavallo , knocking on doors in New York City , assuring financial leaders that ...
Page 191
... pesos 20000 21000 22000 23000 24000 the deposits it had before the Mexican peso devaluation . As a measure of the severity of this contraction , Argentina experienced in just three months the same proportional contraction in deposits as ...
... pesos 20000 21000 22000 23000 24000 the deposits it had before the Mexican peso devaluation . As a measure of the severity of this contraction , Argentina experienced in just three months the same proportional contraction in deposits as ...
Contents
Introduction | 1 |
Origins and Functioning of Modern ExchangeRate Regimes | 51 |
Systemic Asymmetries Inherent in the International | 59 |
Copyright | |
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Common terms and phrases
adjustment analysis Argentina argues argument assets Author's elaboration balance of payments band behaviour Brazil Brazilian Bretton Woods Bretton Woods system Calvo capital inflows capital mobility central bank Chapter Chile credibility crises currency boards debt deficit devaluation developing countries discretionary discussion disinflation dollar domestic currency economy effects Eichengreen equilibrium ERBSP exchange-rate arrangements exchange-rate regimes exchange-rate-based expectations experience exports external shocks Figure fixed exchange rate fixed exchange-rate flexibility floating exchange rates flows fluctuations foreign capital foreign reserves fundamentals global globalisation gold standard growth ibid implemented important increase inflation rate integration interest rates international monetary investment issue Krugman Latin American countries liberalisation long-run macroeconomic MERCOSUR Mexican crisis Mexico monetary authorities monetary base monetary policy Monetary System money supply nominal anchor overvaluation parity percent period peso policymakers problem real exchange rate rules sector short-run speculative attacks stabilisation policies stabilisation programmes stability sterilisation target target bands theorists volatility
References to this book
Vietnam's Economic Transition: Policies, Issues and Prospects Thi Nhiem Phan,Charles Harvie,Van Hoa Tran No preview available - 2006 |