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 100
... reduce unemployment , in the short run , by means of inflationary monetary surprises . As a result , rational market ... reduced over time . The idea is that government can inhibit deviations from ex ante policies by devising financial ...
... reduce unemployment , in the short run , by means of inflationary monetary surprises . As a result , rational market ... reduced over time . The idea is that government can inhibit deviations from ex ante policies by devising financial ...
Page 150
... reducing the social costs of adjustment . The rules referred by Agglietta , are thus not to be interpreted as rigid ... reduced " ( ibid . , p.17 ) . According to Aglietta ( 1986 a ) , the long - run neutral group advocated floating ...
... reducing the social costs of adjustment . The rules referred by Agglietta , are thus not to be interpreted as rigid ... reduced " ( ibid . , p.17 ) . According to Aglietta ( 1986 a ) , the long - run neutral group advocated floating ...
Page 261
... reducing the proportion of domestic currency and increasing the proportion of foreign currency . " This change in ... reduced . These two episodes have been very well documented in Fritsch and Franco ( 1992 ) . In the old British ...
... reducing the proportion of domestic currency and increasing the proportion of foreign currency . " This change in ... reduced . These two episodes have been very well documented in Fritsch and Franco ( 1992 ) . In the old British ...
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 |