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This paper seeks to draw lessons from the IMF’s experience in handling financial crises around the globe over the past ten years that are relevant to the challenges faced by countries in Latin America, especially in the wake of the recent crisis in Argentina. Experience suggests that...
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estimation finds these economic indicators to be significant for emerging market countries during the Mexican, Asian, and Russian …
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Did real overvaluation contribute to the 1991 currency crisis in India? This paper seeks an answer by constructing the equilibrium real exchange rate, using an error correction model and a technique developed by Gonzalo and Granger (1995). The results are affirmative and the evidence indicates...
Persistent link: https://www.econbiz.de/10005263897
Most developing countries have imposed restrictions on domestic and international financial transactions at one time or another. Such restrictions have allowed governments to generate significant proportions of their revenues from financial repression while restraining inflation. The eventual...
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implications of the first decade of the Euro and to extend this understanding forwards to Europe and beyond. …
Persistent link: https://www.econbiz.de/10010669631
the end of Pax Americana and the beginning of something else, possibly a Pax Europea, led by the strength of the euro … performance of these two economic blocs. While the current exchange rate between the US dollar and the euro has been considered a … worried. The strength of the euro is becoming irritating for the Eurozone and, nevertheless, the weakness of the US dollar is …
Persistent link: https://www.econbiz.de/10005789886