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 94
... Banco Nacional do Brasil creating the Banco da República do Brasil ( BRB ) . The Banco do Brasil recreated in 1901 was already born as a large state bank accumulating functions and power of a commercial bank and the government banker ...
... Banco Nacional do Brasil creating the Banco da República do Brasil ( BRB ) . The Banco do Brasil recreated in 1901 was already born as a large state bank accumulating functions and power of a commercial bank and the government banker ...
Page 262
... Banco Central de la Republica Argentina , Informe Anual al Congreso de la Nación , 1995 , pp.3-5 . 31 32 33 It is important to point out that " in fact , during Argentina's financial crisis Art . 17 of that country's central bank ...
... Banco Central de la Republica Argentina , Informe Anual al Congreso de la Nación , 1995 , pp.3-5 . 31 32 33 It is important to point out that " in fact , during Argentina's financial crisis Art . 17 of that country's central bank ...
Page 314
... Banco Central de la Republica Argentina ( 1996 ) , Carta Economica . Banco Central do Brasil , Boletim do Banco Central do Brasil , several issues . Banco de Mexico . Bulletins , several issues . Banco Nacional de Desenvolvimento ...
... Banco Central de la Republica Argentina ( 1996 ) , Carta Economica . Banco Central do Brasil , Boletim do Banco Central do Brasil , several issues . Banco de Mexico . Bulletins , several issues . Banco Nacional de Desenvolvimento ...
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
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