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 189
... crises . Urban unemployment rates grow slightly , even before Mexican's crisis . As far as the external performance is concerned , trade balance presented deficits giving support to the ' overvaluation ' hyphotesis that follows ERBSP ...
... crises . Urban unemployment rates grow slightly , even before Mexican's crisis . As far as the external performance is concerned , trade balance presented deficits giving support to the ' overvaluation ' hyphotesis that follows ERBSP ...
Page 219
... Mexican crisis is displayed in Figure 5.21 . The total loss of reserves from December 1994 to March 1995 reached around US $ 7 billion . The spill - over of the Mexican crisis seriously affected the net inflow of capital , particularly ...
... Mexican crisis is displayed in Figure 5.21 . The total loss of reserves from December 1994 to March 1995 reached around US $ 7 billion . The spill - over of the Mexican crisis seriously affected the net inflow of capital , particularly ...
Page 257
... Mexican crisis was much more severe and damaged the Mexican economy much more than Argentina's economy . From the data I have collected and presented in this book , this is not so clear . In both economies the rate of growth declined ...
... Mexican crisis was much more severe and damaged the Mexican economy much more than Argentina's economy . From the data I have collected and presented in this book , this is not so clear . In both economies the rate of growth declined ...
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 |