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 12
... percent while her share of world exports of manufactured goods was 38.3 percent . In 1913 these figures had decreased to 15.8 percent and 31.8 percent , respectively . Germany's quota had increased , in the same period , from 15.1 percent ...
... percent while her share of world exports of manufactured goods was 38.3 percent . In 1913 these figures had decreased to 15.8 percent and 31.8 percent , respectively . Germany's quota had increased , in the same period , from 15.1 percent ...
Page 71
... per cent from the 1880s to 1913. After the war Britain was overtaken by the United States so that by the end of the 1920s its market share was below twenty percent compared to twenty - five percent for the US ( ibid . , p.6 ) . Brazil's ...
... per cent from the 1880s to 1913. After the war Britain was overtaken by the United States so that by the end of the 1920s its market share was below twenty percent compared to twenty - five percent for the US ( ibid . , p.6 ) . Brazil's ...
Page 72
... percent of total imports by the end of the 1920s . Britain supplied about 40 percent of Brazilian's imports in the 1880s but by 1913 this percentage had decreased to 25 percent and in the late 1920s it reached 20 percent ( Abreu , 1993 ...
... percent of total imports by the end of the 1920s . Britain supplied about 40 percent of Brazilian's imports in the 1880s but by 1913 this percentage had decreased to 25 percent and in the late 1920s it reached 20 percent ( Abreu , 1993 ...
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 |