Showing 1 - 10 of 110
Persistent link: https://www.econbiz.de/10001587975
Financial turmoil is becoming a fact of life in Latin America. The 1990s have been characterized by enormous volatility in the magnitude and cost of capital flows. The correlation of capital swings across disparate countries suggests that the quality of emerging market policies in addition to...
Persistent link: https://www.econbiz.de/10010943993
This paper tries to untangle the causes behind the recent real exchange rate overshooting events with particular attention paid to the Sudden Stop of capital flows, and also to the comparison across the two emerging markets, Asian and Latin America. We examine whether the sudden stop of capital...
Persistent link: https://www.econbiz.de/10009198707
The paper summarizes the similarities and differences among Asian and Latin American countries, compares their macroeconomic performances before and after the crisis, and discusses crisis prevention and management. Lessons are drawn from both Asian-type and Latin-American-type currency crises.
Persistent link: https://www.econbiz.de/10009193438
This paper reviews the major dynamics surrounding the collapse of the Argentinean monetary regime, and suggests that the failure of Argentina's exchange rate arrangement provides important lessons for potential pegged regimes in Asia.
Persistent link: https://www.econbiz.de/10009198379
Countries that are classified as having floating exchange rate systems (or very wide bands) show strikingly different patterns of behavior. They hold very different levels of international reserves and allow very different volatilities in the movements of the exchange rate relative to the...
Persistent link: https://www.econbiz.de/10010943645
Persistent link: https://www.econbiz.de/10001528825
This paper first compares house price cycles in advanced and emerging economies using a new quarterly house price dataset covering the period 1990- 2012. It is found that that house prices in emerging economies grow faster, are more volatile, less persistent and less synchronized across...
Persistent link: https://www.econbiz.de/10011240366
This paper provides an overview of the reserve requirement measures undertaken by the Central Bank of Peru. It provides a rationale for the use of these instruments as well as empirical evidence of their effectiveness. In general, the results show that tightening reserve requirements has the...
Persistent link: https://www.econbiz.de/10010943927
"unconventional" monetary policies within an inflation targeting framework. In particular, the paper explicitly models the facilities …
Persistent link: https://www.econbiz.de/10010944371