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 49
... further than a simple customs union.62 Although political unification was the main rationale for the EEC its members also hoped to obtain economic benefits such as : intensify internal competition and thus foster more efficient resource ...
... further than a simple customs union.62 Although political unification was the main rationale for the EEC its members also hoped to obtain economic benefits such as : intensify internal competition and thus foster more efficient resource ...
Page 78
... further appreciation of the paper peso by demanding measures to stabilise the convertibility of paper notes into gold at a fixed rate . The arguments they used were well known when the adoption of fixed exchange - rate regimes come into ...
... further appreciation of the paper peso by demanding measures to stabilise the convertibility of paper notes into gold at a fixed rate . The arguments they used were well known when the adoption of fixed exchange - rate regimes come into ...
Page 94
... further details . See in the reference list several publications under their names dealing with this issue . Rui Barbosa had created , in 1891 , the Banco da República dos Estados Unidos do Brasil ( BREUB ) that further incorporated the ...
... further details . See in the reference list several publications under their names dealing with this issue . Rui Barbosa had created , in 1891 , the Banco da República dos Estados Unidos do Brasil ( BREUB ) that further incorporated the ...
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 |