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 5
... discussion . I have tried not to restrict this research to the exchange rate issue but have also included reference to capital accumulation , which has an inherent tendency to expand beyond national borders in all its various dimensions ...
... discussion . I have tried not to restrict this research to the exchange rate issue but have also included reference to capital accumulation , which has an inherent tendency to expand beyond national borders in all its various dimensions ...
Page 129
... discussion about the time - inconsistency behaviour of policymakers . See Herrendorf ( 1997 , section 5 ) for a discussion of possible solutions to the time- inconsistency problem . He examines three possible solutions : reputational ...
... discussion about the time - inconsistency behaviour of policymakers . See Herrendorf ( 1997 , section 5 ) for a discussion of possible solutions to the time- inconsistency problem . He examines three possible solutions : reputational ...
Page 301
... discussion of the factors that led to the 1992-1993 episode of strong pressures on European exchange rates see Isard ( 1995 , pp.208-212 ) . For discussions of optimal exchange - rate arrangements that followed the crisis see ...
... discussion of the factors that led to the 1992-1993 episode of strong pressures on European exchange rates see Isard ( 1995 , pp.208-212 ) . For discussions of optimal exchange - rate arrangements that followed the crisis see ...
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
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Vietnam's Economic Transition: Policies, Issues and Prospects Thi Nhiem Phan,Charles Harvie,Van Hoa Tran No preview available - 2006 |