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 29
Page 123
... Krugman's scenario is sufficient to produce a financial crisis . Calvo and Mendoza's , on the other hand , emphasise the complementarity between currency crisis and financial crisis . Krugman's story of financial business cycle is worth ...
... Krugman's scenario is sufficient to produce a financial crisis . Calvo and Mendoza's , on the other hand , emphasise the complementarity between currency crisis and financial crisis . Krugman's story of financial business cycle is worth ...
Page 125
... Krugman's moral hazard argument . Financial Instability and Real Effects It is noteworthy the break of money neutrality during financial crises . According to Krugman the moral hazard leads to changes in the marginal efficiency of ...
... Krugman's moral hazard argument . Financial Instability and Real Effects It is noteworthy the break of money neutrality during financial crises . According to Krugman the moral hazard leads to changes in the marginal efficiency of ...
Page 326
... Krugman , Paul R. ( 1990 ) , ' Exchange - Rate Instability ' , Cambridge , Mass , and London : The MIT Press . Krugman , Paul R. ( 1991 a ) , Has the Adjustment Process Worked ?, Washington , DC : Institute for International Economics ...
... Krugman , Paul R. ( 1990 ) , ' Exchange - Rate Instability ' , Cambridge , Mass , and London : The MIT Press . Krugman , Paul R. ( 1991 a ) , Has the Adjustment Process Worked ?, Washington , DC : Institute for International Economics ...
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 |