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 48
Page 173
... implemented is an ERBSP there is an initial output expansion followed by a contraction17 but , with MBSP , in contrast , there is said to be an initial contraction , followed by a later expansion . The issue is sometimes described as ...
... implemented is an ERBSP there is an initial output expansion followed by a contraction17 but , with MBSP , in contrast , there is said to be an initial contraction , followed by a later expansion . The issue is sometimes described as ...
Page 202
... implemented several analysts of the stabilisation programme have argued about its ' weak fiscal basis ' , 39 and have characterised this phase as a short - lived fiscal adjustment . Exchange - Rate Anchor and Target - Zone Regime The ...
... implemented several analysts of the stabilisation programme have argued about its ' weak fiscal basis ' , 39 and have characterised this phase as a short - lived fiscal adjustment . Exchange - Rate Anchor and Target - Zone Regime The ...
Page 239
... implemented in the nineties , following the inauguration of a democratic government , and to show that it may be seen as the most heterodox of the plans examined in this section , since it implies greater discretionary aspects , in ...
... implemented in the nineties , following the inauguration of a democratic government , and to show that it may be seen as the most heterodox of the plans examined in this section , since it implies greater discretionary aspects , in ...
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 |