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. |
From inside the book
Results 1-3 of 21
Page 28
... Keynes ' warnings proved to be consistent . It became famous the passage of the Tract on Monetary Reform where he argues : " In truth , the gold standard is already a barbarous relic " . Keynes had perceived that the gold standard had ...
... Keynes ' warnings proved to be consistent . It became famous the passage of the Tract on Monetary Reform where he argues : " In truth , the gold standard is already a barbarous relic " . Keynes had perceived that the gold standard had ...
Page 39
... Keynes had justified for them in his General Theory - namely to provide an endogenous ( real bills ) money supply at low interest rates to support expansion of aggregate demand . While exchange rates were fixed under the Bretton Woods ...
... Keynes had justified for them in his General Theory - namely to provide an endogenous ( real bills ) money supply at low interest rates to support expansion of aggregate demand . While exchange rates were fixed under the Bretton Woods ...
Page 325
... Keynes . Reprint London : Macmillan , and New York : Cambridge University Press for the Royal Economic Society . Keynes , John Maynard ( 1964 ) , The General Theory of Employment , Interest , and Money , New York : Harcourt , Brace ...
... Keynes . Reprint London : Macmillan , and New York : Cambridge University Press for the Royal Economic Society . Keynes , John Maynard ( 1964 ) , The General Theory of Employment , Interest , and Money , New York : Harcourt , Brace ...
Contents
Introduction | 1 |
Origins and Functioning of Modern ExchangeRate Regimes | 51 |
Systemic Asymmetries Inherent in the International | 59 |
Copyright | |
11 other sections not shown
Other editions - View all
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 |