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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... Argentina : Evolution of Bank Deposits 187 188 ( Dec 1994 - Sep 1995 ) 191 Figure 5.4 Argentina : Evolution of Real Interest Rates ( Jan 1994 Mar 1996 ) 193 Figure 5.5 Argentina : Real Exchange Rates ( Jan 1991 Dec 1996 ) 194 Figure 5.6 ...
... Argentina : Evolution of Bank Deposits 187 188 ( Dec 1994 - Sep 1995 ) 191 Figure 5.4 Argentina : Evolution of Real Interest Rates ( Jan 1994 Mar 1996 ) 193 Figure 5.5 Argentina : Real Exchange Rates ( Jan 1991 Dec 1996 ) 194 Figure 5.6 ...
Page 70
... Argentina's population multiplied by five in 1880-1930 while Brazil's population trebled in the same period . Even facing this population boom , as compared with economies such as the United States whose population had increased by a ...
... Argentina's population multiplied by five in 1880-1930 while Brazil's population trebled in the same period . Even facing this population boom , as compared with economies such as the United States whose population had increased by a ...
Page 73
... Argentina . Nevertheless , in the late 1920s , import duties corresponded to less than 40 percent of federal revenues , reflecting the smaller weight of that as a proportion of GDP in comparison to Argentina . The idea behind high ...
... Argentina . Nevertheless , in the late 1920s , import duties corresponded to less than 40 percent of federal revenues , reflecting the smaller weight of that as a proportion of GDP in comparison to Argentina . The idea behind high ...
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 |