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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
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
for Brazil, Chile, and Mexico; risk tolerance for Argentina, Costa Rica, and Peru …
Persistent link: https://www.econbiz.de/10013388809
The Global Repository of Income Dynamics (GRID) is a new open-access, cross- country database that contains a wide range of micro statistics on income inequality, dynamics, and mobility. It has four key characteristics: it is built on micro panel data drawn from administrative records; it fully...
Persistent link: https://www.econbiz.de/10013388880
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
better economic environment. In this paper I review these sources through the recent experiences of Argentina, Chile and … Mexico …
Persistent link: https://www.econbiz.de/10012470968
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 … similar, and lending rates analogously respond to aggregate demand fluctuations. In Mexico, foreign and domestic banks with …
Persistent link: https://www.econbiz.de/10012471047
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 … in the aftermath of Mexico's large devaluation, in which non-tradables producers with high dollar debt displayed …
Persistent link: https://www.econbiz.de/10012466017
event on the properties of the transmission of shocks between Argentina and Mexico. The paper shows that there is a …Mexico was upgraded from non-investment to investment grade in March of 2000. This paper examines the impact of this …
Persistent link: https://www.econbiz.de/10012470080
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