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
... Argentina : Evolution of Bank Deposits 187 188 ( Dec 1994 - Sep 1995 ) 191 Figure 5.4 Argentina : Evolution of Real Interest Rates ( Jan 1994 - Mar 1996 ) 193 Figure 5.5 Argentina : Real Exchange Rates ( Jan 1991 - Dec 1996 ) 194 Figure ...
... Argentina : Evolution of Bank Deposits 187 188 ( Dec 1994 - Sep 1995 ) 191 Figure 5.4 Argentina : Evolution of Real Interest Rates ( Jan 1994 - Mar 1996 ) 193 Figure 5.5 Argentina : Real Exchange Rates ( Jan 1991 - Dec 1996 ) 194 Figure ...
Page 70
... Argentina's population multiplied by five in 1880-1930 while Brazil's population trebled in the same period . Even facing this population boom , as compared with economies such as the United States whose population had increased by a ...
... Argentina's population multiplied by five in 1880-1930 while Brazil's population trebled in the same period . Even facing this population boom , as compared with economies such as the United States whose population had increased by a ...
Page 73
... Argentina . Nevertheless , in the late 1920s , import duties corresponded to less than 40 percent of federal revenues , reflecting the smaller weight of that as a proportion of GDP in comparison to Argentina . The idea behind high ...
... Argentina . Nevertheless , in the late 1920s , import duties corresponded to less than 40 percent of federal revenues , reflecting the smaller weight of that as a proportion of GDP in comparison to Argentina . The idea behind high ...
Contents
Origins and Functioning of Modern ExchangeRate Regimes | 8 |
Systemic Asymmetries Inherent in the International | 59 |
Revisiting the Rules | 96 |
Copyright | |
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According analysis Argentina argued argument balance of payments Banco band behaviour Bordo Brazil Brazilian Bretton Woods system Calvo capital inflows central bank changes Chapter Chile credibility crises currency board debt deficit devaluation developing countries discretionary discussion disinflation dollar domestic currency economists economy effects Eichengreen equilibrium ERBSP exchange-rate arrangements exchange-rate policy exchange-rate regimes exchange-rate-based expectations experience exports external Figure fiscal policy fixed exchange rate fixed exchange-rate flexibility floating exchange rates flows fluctuations foreign reserves fundamentals global gold standard growth ibid implemented important increase inflation rates interest rates International Monetary Fund international monetary system investment issue Keynes Krugman Latin American countries liquidity long-run macroeconomic markets MERCOSUR Mexico monetary authorities monetary base monetary policy money supply neutral nominal anchor non-neutral overvaluation parity percent period peso policymakers Post Keynesian problem real exchange rate rules sector shocks short-run speculative attacks stabilisation programmes stability sterilisation target 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 |