Monetary and Exchange Rate Systems: A Global View of Financial CrisesLouis-Philippe Rochon, Sergio Rossi Combining critical perspectives with a positive contribution to economic policy, both national and international, this book considers the causes and consequences of recent financial crises presenting cutting-edge material. |
Contents
1 International Financial Instability in a World of Currencies Hierarchy | 3 |
2 Dollarization and the Hegemonic Status of the US Dollar | 22 |
Financial Systems and Instability | 38 |
The Long Road Ahead | 63 |
5 Does Financial Liberalization Affect the Distribution of Income between Wages and Profits? | 83 |
The PostWashington Consensus Agenda | 106 |
An Assessment | 127 |
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Common terms and phrases
Arestis Argentina argued assets bancor banking crises banking system billion borrowers Brazil Bretton Woods capital account liberalization capital controls capital flows capital markets cent central bank Clearing Union crisis current account Davidson debt deficit developing countries dollar economic growth economists Edward Elgar effective demand Eichengreen employment euro European exchange rate arrangements exchange rate regime financial cooperation financial crises financial instability financial liberalization financial markets financial system fiscal policy fixed exchange rate flexible exchange rates floating exchange rate foreign banks foreign currency foreign exchange market global increase inflation inflows institutions interest rates international capital international financial International Monetary Fund international payments international settlement Keynes Keynes's Latin America liquidity macroeconomic member countries Mexico monetary and financial monetary policy political post-Keynesian PPF PCF proposal rate of interest reforms regional reserves Rochon sector stability theory trade transactions United wage share Washington Consensus