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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
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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 … currency board and capital flows, and the inescapable link between fiscal and monetary policy. Argentina inadvertently entered … late 1990s, when Argentina went into recession, it required some sort of stimulus -- either a loosening of monetary policy …
Persistent link: https://www.econbiz.de/10012467330
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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 …
Persistent link: https://www.econbiz.de/10012469452
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Pricing Currency Risk : Facts and Puzzles from Currency Boards
Schmukler, Sergio L. - 2002
patterns and determinants of the currency risk premium in two currency boards -- Argentina and Hong Kong. Despite the presumed …
Persistent link: https://www.econbiz.de/10012469666
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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
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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
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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
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The Political Economy of a "Miracle Cure" : The Case of Nebulized Ibuprofen and its Diffusion in Argentina
Calónico, Sebastian; Di Tella, Rafael; Lopez del … - National Bureau of Economic Research - 2023
We document the diffusion of nebulized ibuprofen in Argentina as a treatment for COVID-19. As the pandemic spread, this …
Persistent link: https://www.econbiz.de/10014421206
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Can VAT Cuts and Anti-Profiteering Measures Dampen the Effects of Food Price Inflation?
Benzarti, Youssef; Garriga, Santiago; Tortarolo, Darío - National Bureau of Economic Research - 2024
-profiteering measures on food necessities during a period of high inflation in Argentina. Using barcode-level data across more than 3 …
Persistent link: https://www.econbiz.de/10014512095
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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