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International Borrowing and Macroeconomic Performance in Argentina

Dominguez, Kathryn M.E. - 2005

This paper provides an overview of the major economic events in Argentina from the adoption of the convertibility plan in 1991 to the collapse of the exchange rate regime in 2001. We focus on the relationship between the credibility of the currency board and capital flows, and the inescapable...

Persistent link: https://www.econbiz.de/10012467330

No Single Currency Regime is Right for All Countries or At All Times

Frankel, Jeffrey A. - 1999

This essay considers some prescriptions that are currently popular regarding exchange rate regimes: a general movement toward floating, a general movement toward fixing, or a general movement toward either extreme and away from the middle. The whole spectrum from fixed to floating is covered...

Persistent link: https://www.econbiz.de/10012471446

The Great Exchange Rate Debate After Argentina

Edwards, Sebastian - 2002

In this paper I discuss in what way, if any, the collapse of Argentina's experience with a currency board has affected the policy debate on the appropriate exchange rate regime in emerging and transition countries. More specifically, I deal with three issues: (1) I discuss some important aspects...

Persistent link: https://www.econbiz.de/10012469452

Pricing Currency Risk : Facts and Puzzles from Currency Boards

Schmukler, Sergio L. - 2002

Hard pegs, such as currency boards, intend to reduce or even eliminate currency risk. This paper investigates the patterns and determinants of the currency risk premium in two currency boards -- Argentina and Hong Kong. Despite the presumed rigidity of currency boards, the currency premium is...

Persistent link: https://www.econbiz.de/10012469666

Limiting Currency Volatility to Stimulate Goods Market Integration : A Price Based Approach

Parsley, David C. - 2001

This paper empirically studies the effect of instrumental and institutional stabilization of the exchange rate on the integration of goods markets. An instrumental stabilization of the exchange rate is accomplished through intervention in the foreign exchange market, or by monetary policies. An...

Persistent link: https://www.econbiz.de/10012470250

Fewer Monies, Better Monies

Dornbusch, Rudi - 2001

In the aftermath of emerging market crises from Russia to Asia and Latin America, there is a quest for better monetary arrangements that are more crisis-proof. Fixed rates are out, flexible rates are in with a policy focus on inflation targeting. But there is, of course, the alternative of...

Persistent link: https://www.econbiz.de/10012470400

Hong Kong's Currency Board and Changing Monetary Regimes

Kwan, Yum K. - 1996

The paper discusses the historical background and institutional details of Hong Kong's currency board. We argue that its experience provides a good opportunity to test the macroeconomic implications of the currency board regime. Using the method of Blanchard and Quah (1989), we show that the...

Persistent link: https://www.econbiz.de/10012473115

EU Accession and Foreign Owned Firms in Bulgaria

Feliciano, Zadia M. - 2016

Bulgaria signed the Europe Association Agreement (EAA) in 1995 and the European Union accession treaty in 2005 …. Accession had the effect of increasing FDI in Bulgaria. We analyze World Bank BEEPS firm level data for 2007 to better … understand characteristics and performance of foreign firms in Bulgaria. We estimate linear probability and logit models to …

Persistent link: https://www.econbiz.de/10012456812

Money, history, and international finance : essays in honor of Anna J. Schwartz

Bordo, Michael D. (ed.); Schwartz, Anna Jacobson (honouree) - 1989 - 1. [print.]

Persistent link: https://www.econbiz.de/10000782106

A theoretical framework for monetary analysis

Friedman, Milton - 1971

Persistent link: https://www.econbiz.de/10000615769

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