Mexico, Chile, and Israel. Credit from the banking sector to the private sector expanded very rapidly following the … that the most important channels for the expansion in credit to consumers in Mexico are the rapid remonetization of the …This paper presents an empirical investigation of the role of credit in the post-stabilization consumption booms of …

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

domestic spending and the outflow of capital that began in December 1994; the credit crunch and interest rate hike of March …

In this paper, we consider whether long-term inflation expectations have become better anchored in Brazil, Chile, and … Mexico. We do so using survey-based measures as well as financial market-based measures of long-term inflation expectations … anchored than in Chile and Mexico. …

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 …

This paper addresses a phenomenon often noted in association with programs aimed at stabilizing high rates of inflation … experiences of disinflation in Argentina and Israel. To better understand this behavior, we develop a very general model of … in inflation exceeding the decline in nominal interest rates, so the real interest rate rises; this effect derives from …

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