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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

Macroeconomic Volatility in Latin America : A View and Three Case Studies

Caballero, Ricardo J. - 2000

better economic environment. In this paper I review these sources through the recent experiences of Argentina, Chile and …

Persistent link: https://www.econbiz.de/10012470968

Foreign and Domestic Bank Participation in Emerging Markets : Lessons from Mexico and Argentina

Goldberg, Linda - 2000

studying bank-specific data on lending by domestically- and foreign-owned banks in Argentina and Mexico. We find that foreign … credit growth during crisis periods. In Argentina, the loan portfolios of foreign and domestic privately-owned banks are … lower levels of impaired assets have similar loan responsiveness and portfolios. State-owned banks (Argentina) and banks …

Persistent link: https://www.econbiz.de/10012471047

Devaluation with Contract Redenomination in Argentina

Calomiris, Charles - 2006

Argentina's policy of devaluation with redenomination in 2002, in contrast to Mexico's policy of devaluation without debt … redenomination in 1994-1995, shows that devaluation benefited tradables firms, and that dollar debt redenomination in Argentina … investment by high energy users in Argentina, and that benefit was apparent also in positive stock returns of those firms …

Persistent link: https://www.econbiz.de/10012466017

Large Devaluations and the Real Exchange Rate

Burstein, Ariel - 2004

large devaluation episodes: Argentina (2001), Brazil (1999), Korea (1997), Mexico (1994), and Thailand (1997). We conduct a … detailed analysis of the Argentina case using disaggregated CPI data, data from our own survey of prices in Buenos Aires, and …

Persistent link: https://www.econbiz.de/10012467701

The Curse of Non-Investment Grade Countries

Rigobon, Roberto - 2001

event on the properties of the transmission of shocks between Argentina and Mexico. The paper shows that there is a …

Persistent link: https://www.econbiz.de/10012470080

Exchange Rate Regimes, Capital Flows and Crisis Prevention

Edwards, Sebastian - 2001

In this paper I analyze, within the context of the new 'financial architecture,' the relationship between exchange rate regimes, capital flows and currency crises in emerging economies. The paper draws on lessons learned during the 1990s, and deals with some of the most important policy...

Persistent link: https://www.econbiz.de/10012470189

Contagion and Volatility with Imperfect Credit Markets

Agenor, Pierre-Richard - 1997

This paper interprets contagion effects as a perceived increase (triggered by events occurring elsewhere) in the volatility of aggregate shocks impinging on the domestic economy. The implications of this approach are analyzed in a model with two types of credit market imperfections: domestic...

Persistent link: https://www.econbiz.de/10012472734

Real Effects of Exchange Rate-Based Stabilization : An Analysis of Competing Theories

Rebelo, Sergio - 1995

This paper uses a unified analytical framework to assess, both qualitatively and quantitatively, the relevance of the different hypotheses that have been proposed to explain the real effects of exchange rate-based stabilizations. The four major hypotheses analyzed are: (i) the supply-side...

Persistent link: https://www.econbiz.de/10012473682

Speculative Attacks and Models of Balance-of-Payments Crises

Agenor, Pierre-Richard - 1991

This paper reviews recent developments in the theoretical and empirical analysis of balance-of-payments crises. A simple analytical model highlighting the process leading to such crises is first developed. The basic framework is then extended to deal with a variety of issues, such as:...

Persistent link: https://www.econbiz.de/10012475069