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Interest Rates, Contagion and Capital Controls

Edwards, Sebastian - 2000

In this paper I analyze several issues related to contagion,' including its definition, recent experiences, alternative channels at work, and possible prevention mechanisms. The discussion deals with the macroeconomics implications of contagion, and concentrates on the relationship between the...

Persistent link: https://www.econbiz.de/10012470949

The Baring Crisis and the Great Latin American Meltdown of the 1890s

Mitchener, Kris James - 2007

to understand the extent to which the crisis mattered for countries other than Argentina and England. Using a new …

Persistent link: https://www.econbiz.de/10012465247

Sudden Stop, Financial Factors and Economic Collpase in Latin America : Learning from Argentina and Chile

Calvo, Guillermo A. - 2005

statement, we compare the polar cases of Chile and Argentina. While Chile exhibited a significant economic slowdown after August … 1998, it did not suffer the excruciating collapse suffered by Argentina, where even the payments system came to a full stop …. We attribute their difference to the fact that Chile is more open to trade than Argentina, and that it appears to suffer …

Persistent link: https://www.econbiz.de/10012467532

Sudden Stops, the Real Exchange Rate, and Fiscal Sustainability : Argentina's Lessons

Calvo, Guillermo A. - 2003

We offer an alternative explanation for the fall of Argentina's Convertibility Program based on the country … prices is larger the more closed an economy is in terms of its supply of tradable goods. By contrasting Argentina … of 1998, we identify key vulnerability indicators that separated Argentina from its piers. We also provide an explanation …

Persistent link: https://www.econbiz.de/10012468870

Gaucho Banking Redux

Paolera, Gerardo della - 2003

Argentina's economic crisis has strong similarities with previous crises stretching back to the nineteenth century. A …

Persistent link: https://www.econbiz.de/10012469246

Cross-Border Trading as a Mechanism for Capital Flight : ADRs and the Argentine Crisis

Auguste, Sebastian - 2002

controls, they were able to purchase stocks with associated ADRs for pesos in Argentina, convert them into ADRs, re-sell them … move their funds abroad), (2) the market anticipated (correctly) a 40% devaluation, (3) local market factors in Argentina …

Persistent link: https://www.econbiz.de/10012469363

Growing Up to Stability? Financial Globalization, Financial Development and Financial Crises

Bordo, Michael D. - 2015

kinds of financial crises for four countries (Argentina, Australia, Canada, and the United States) over the long-run …

Persistent link: https://www.econbiz.de/10012457380

The Costs of Financial Crises : Resource Misallocation, Productivity and Welfare in the 2001 Argentine Crisis

Sandleris, Guido - 2011

Financial crises in emerging market countries appear to be very costly: both output and a host of partial welfare indicators decline dramatically. The magnitude of these costs is puzzling both from an accounting perspective -- factor usage does not decline as much as output, resulting in large...

Persistent link: https://www.econbiz.de/10012461106