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 168
... capital markets . Firstly , the rapid growth of securitised forms of lending vis - à - vis bank loans , and the ... inflows than on how they affect the performance of Latin American economies . They point out that this occurs in four major ...
... capital markets . Firstly , the rapid growth of securitised forms of lending vis - à - vis bank loans , and the ... inflows than on how they affect the performance of Latin American economies . They point out that this occurs in four major ...
Page 271
... capital from abroad , a U - turn restored the flows of capital from industrial countries to developing countries . Capital inflows to Latin American countries quadrupled from an average annual rate below US $ 11 billion during 1985-1989 ...
... capital from abroad , a U - turn restored the flows of capital from industrial countries to developing countries . Capital inflows to Latin American countries quadrupled from an average annual rate below US $ 11 billion during 1985-1989 ...
Page 309
... capital flows . Capital - inflow controls can generate interest - rate differentials and do not assure effective ... inflows have been absorbed in the form of foreign- reserve increases . To avoid the effect on the monetary expansion of these ...
... capital flows . Capital - inflow controls can generate interest - rate differentials and do not assure effective ... inflows have been absorbed in the form of foreign- reserve increases . To avoid the effect on the monetary expansion of these ...
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 |