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 87
Page 83
... money is determined by the domestic banking system , rising activity is accompanied by a tendency towards balance of payment deficits and loss of foreign exchange , falling activity with balance - of - payment surpluses and gains of foreign ...
... money is determined by the domestic banking system , rising activity is accompanied by a tendency towards balance of payment deficits and loss of foreign exchange , falling activity with balance - of - payment surpluses and gains of foreign ...
Page 187
... foreign exchange . When defined in this way , it will be referred as Argentina's ' liquid reserves ' . Millions of pesos -5000 6000 10000 20000 15000 Monetary Base 0 Credit Jan - 93 Apr - 93 Jul - 93 Foreign Reserves Jan - 96 Apr - 96 ...
... foreign exchange . When defined in this way , it will be referred as Argentina's ' liquid reserves ' . Millions of pesos -5000 6000 10000 20000 15000 Monetary Base 0 Credit Jan - 93 Apr - 93 Jul - 93 Foreign Reserves Jan - 96 Apr - 96 ...
Page 272
... foreign capital into emerging markets in the 1990s were motivated mostly by relatively low interest rates in industrialised nations ( especially US's falling interest rate , in the case of Latin American countries ) , rather than by the ...
... foreign capital into emerging markets in the 1990s were motivated mostly by relatively low interest rates in industrialised nations ( especially US's falling interest rate , in the case of Latin American countries ) , rather than by the ...
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 |