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 77
Page 133
... effects of money on the real economy . First , we distinguish theorists who see money as neutral in both the short run and long run . These people support the idea that money has no permanent effects upon real economic variables and ...
... effects of money on the real economy . First , we distinguish theorists who see money as neutral in both the short run and long run . These people support the idea that money has no permanent effects upon real economic variables and ...
Page 266
... effects upon economic growth and inefficient allocation of resources , was interpreted as a by - product of financial repression.2 An argument that McKinnon ( 1973 ) and Shaw ( 1973 ) did not make , but Meltzer ( 1996 ) does , concerns ...
... effects upon economic growth and inefficient allocation of resources , was interpreted as a by - product of financial repression.2 An argument that McKinnon ( 1973 ) and Shaw ( 1973 ) did not make , but Meltzer ( 1996 ) does , concerns ...
Page 289
... effects tequila effect and MIT ( Malaysia , Indonesia , Thailand ) effect . Summarising , it should be noted that stabilisation ( low inflation rates ) was attained basically with nominal anchors , leading in all cases to overvaluation ...
... effects tequila effect and MIT ( Malaysia , Indonesia , Thailand ) effect . Summarising , it should be noted that stabilisation ( low inflation rates ) was attained basically with nominal anchors , leading in all cases to overvaluation ...
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 |