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 127
... nominal anchor in face of sizeable fiscal , and / or public debt . The literature dealing with speculative crises ... nominal anchors cannot be maintained if monetary policy is not consistent . Excess supply of money will reduce the ...
... nominal anchor in face of sizeable fiscal , and / or public debt . The literature dealing with speculative crises ... nominal anchors cannot be maintained if monetary policy is not consistent . Excess supply of money will reduce the ...
Page 257
... nominal anchor for stabilising prices , is an important aspect of all experiences . Although it is hard to question the importance of nominal anchors , in the process of fighting against inflation , the study clearly suggests how ...
... nominal anchor for stabilising prices , is an important aspect of all experiences . Although it is hard to question the importance of nominal anchors , in the process of fighting against inflation , the study clearly suggests how ...
Page 305
... nominal anchor for stabilising prices , was an important aspect of all experiences . Although it is hard to question the importance of nominal anchors in the process of fighting high inflation , the study clearly suggests how difficult ...
... nominal anchor for stabilising prices , was an important aspect of all experiences . Although it is hard to question the importance of nominal anchors in the process of fighting high inflation , the study clearly suggests how difficult ...
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 |