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 86
Page 18
... period 1880-1914 . The major devaluations of the period were those of Portugal , Argentina , Italy , Chile , Bulgaria and Mexico . Exchange- rate stability did not extend to China , El Salvador or Honduras , which remained on silver and ...
... period 1880-1914 . The major devaluations of the period were those of Portugal , Argentina , Italy , Chile , Bulgaria and Mexico . Exchange- rate stability did not extend to China , El Salvador or Honduras , which remained on silver and ...
Page 37
... period before . Rapid output growth and rising living standards helped to support the post - war institutions . The rate of growth was impressive as well as price stability . During the first half of the period , full convertibility of ...
... period before . Rapid output growth and rising living standards helped to support the post - war institutions . The rate of growth was impressive as well as price stability . During the first half of the period , full convertibility of ...
Page 227
... period 1988-94 was less than 3 percent ( Table 5.7 ) . Per capita income fell to levels far below those of 1980 . The stabilisation strategy led to an overvaluation of the exchange rate , with damaging effects upon the trade performance ...
... period 1988-94 was less than 3 percent ( Table 5.7 ) . Per capita income fell to levels far below those of 1980 . The stabilisation strategy led to an overvaluation of the exchange rate , with damaging effects upon the trade performance ...
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 |