techniques to study the effects of financial innovation on the demand for real balances in Bolivia, Israel, and Venezuela. The …

manufacturing affiliates of U.S. multinationals in Argentina, Brazil, and Mexico. The results of these tests show that the …

This paper surveys the development and operation of the parallel exchange market in Argentina during the 1980s, and … evaluates its impact upon macroeconomic performance and policy. The historical evolution of Argentina's exchange market policies … effective enough in Argentina to allow the authorities to set the commercial exchange rate independently of the parallel market …

experiences of disinflation in Argentina and Israel. To better understand this behavior, we develop a very general model of … framework described above is used to examine the response of real interest rates to Argentina's disinflation in 1985. We show …

Argentina became highly "dollarized" during its hyperinflations of 1989 and early 1990. Although inflation has returned …­pirically, these components of dollar assets for Argentina have responded differently to recent macroeconomic shocks. ; Second …, cointegration analysis of peso money demand in Argentina finds a negative "ratchet effect" from inflation on the demand for pesos …

Mexico, Chile, and Israel. Credit from the banking sector to the private sector expanded very rapidly following the … banks. For Chile, the most important channel is the remonetization of the economy, whereas in Israel, it is the crowding in …

nation's situation only if such a reform increases domestic saving. In this paper I use evidence from Chile, where social …

In this paper, we consider whether long-term inflation expectations have become better anchored in Brazil, Chile, and … anchored than in Chile and Mexico. …

At a macroeconomic level, infrastructure and productivity are positively correlated in the United States and other … infrastructure to productivity, or the reverse. This paper focuses on roads, and finds that vehicle-intensive industries benefit … disproportionately from road-building: when road growth changes, productivity growth changes more in industries that are more vehicle …