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. |
From inside the book
Results 1-3 of 52
Page 127
... equilibrium under uncertainty is defined . The main limitation of Nash equilibrium is the assumption that each player trusts that other players will behave rationally . In some cases it is wiser to be prudent when individual choice ...
... equilibrium under uncertainty is defined . The main limitation of Nash equilibrium is the assumption that each player trusts that other players will behave rationally . In some cases it is wiser to be prudent when individual choice ...
Page 156
... equilibrium exchange rate ( FEER ) and the growth rate of nominal demand are intermediate goals to achieve external and internal equilibria . As a matter of fact , as it is observed by Davidson : Williamson's analysis also assumes the ...
... equilibrium exchange rate ( FEER ) and the growth rate of nominal demand are intermediate goals to achieve external and internal equilibria . As a matter of fact , as it is observed by Davidson : Williamson's analysis also assumes the ...
Page 285
... equilibrium in government budgets . As a matter of fact some macroeconomic convergence seems to be necessary for the stabilisation of the real exchange rate . It is doubtful whether the strong proposition of price stability and budget ...
... equilibrium in government budgets . As a matter of fact some macroeconomic convergence seems to be necessary for the stabilisation of the real exchange rate . It is doubtful whether the strong proposition of price stability and budget ...
Contents
Origins and Functioning of Modern ExchangeRate Regimes | 8 |
Systemic Asymmetries Inherent in the International | 59 |
Revisiting the Rules | 96 |
Copyright | |
4 other sections not shown
Other editions - View all
Common terms and phrases
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 |