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 45
... economists , especially monetarists . Their arguments go in the same direction suggested above . Price deregulation in foreign - exchange markets was based in two claimed benefits : greater stability and increased degree of autonomy for ...
... economists , especially monetarists . Their arguments go in the same direction suggested above . Price deregulation in foreign - exchange markets was based in two claimed benefits : greater stability and increased degree of autonomy for ...
Page 192
... economists and Institutions ) when the matter involves an elec- tion outcome.34 Of course , the issuance of public securities payable in for- eign exchange was used to control the financial crises . Figure 5.1 presents the magnitude and ...
... economists and Institutions ) when the matter involves an elec- tion outcome.34 Of course , the issuance of public securities payable in for- eign exchange was used to control the financial crises . Figure 5.1 presents the magnitude and ...
Page 239
... economists popularly known as the ' Chicago boys ' [ that ] began to gain great influence and , in fact , to fully run the economic policy " ( Edwards & Edwards , 1992 , p.18 ) . It is well known in Latin America that these economists ...
... economists popularly known as the ' Chicago boys ' [ that ] began to gain great influence and , in fact , to fully run the economic policy " ( Edwards & Edwards , 1992 , p.18 ) . It is well known in Latin America that these economists ...
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 |