Narrow search
Showing 1 - 10 of 1,848
Cover Image
The Real Exchange Rate and Growth Revisited : The Washington Consensus Strikes Back?
Berg, Andrew - 2010
There is good reason and much evidence to suggest that the real exchange rate matters for economic growth, but why? The ""Washington Consensus"" (WC) view holds that real exchange rate misalignment implies macroeconomic imbalances that are themselves bad for growth. In contrast, Rodrik (2008)...
Persistent link: https://www.econbiz.de/10014402799
Cover Image
Electoral System and Public Spending
Perotti, Roberto - 2001
We study the effects of electoral institutions on the size and composition of public expenditure in OECD and Latin American countries. We present a model emphasizing the distinction between purchases of goods and services, which are easier to target geographically, and transfers, which are...
Persistent link: https://www.econbiz.de/10014399700
Cover Image
Crises, Contagion, and the Closed : End Country Fund Puzzle
Levy Yeyati, Eduardo - 1998
This paper analyzes the behavior of closed-end country fund discounts, including evidence from the Mexican and East Asian crises. We find that the ratio of fund prices to their fundamental value increases dramatically during a crisis, an anomaly that we denote the “closed-end country fund...
Persistent link: https://www.econbiz.de/10014403380
Cover Image
Will You Buy My Peg? : The Credibility of a Fixed Exchange Rate Regime As a Determinant of Bilateral Trade
Jurzyk, Emilia Magdalena - 2004
This paper examines the relationship between fixed exchange rate arrangements and trade using a gravity model of international trade together with bilateral trade data from 24 countries from the Caribbean and Latin America for the period 1960-2001. The analysis indicates that a credible fixed...
Persistent link: https://www.econbiz.de/10014404027
Cover Image
Central banking in Latin America : from the gold standard to the golden years
Jácome, Luis Ignacio - 2015
of increasing inflation; and the “golden years,” when central banks succeeded in preserving price stability in an …
Persistent link: https://www.econbiz.de/10011281946
Cover Image
Inflation Performance and Constitutional Central Bank Independence : Evidence From Latin America and the Caribbean
Gutierrez, Eva - 2003
This paper explores the relationship between the constitutional entrenchment of central bank independence and inflation … by the ""de jure"" independence established in the central bank law, and inflation. We argue that the constitution is … constitution have a better inflation performance …
Persistent link: https://www.econbiz.de/10014403862
Cover Image
Legal Central Bank Independence and Inflation in Latin America During the 1990's
Jácome, Luis Ignacio - 2001
between increased central bank independence and inflation during 1999–2001 in 14 Latin American countries. Dissagregating the … between legal central bank independence and inflation …
Persistent link: https://www.econbiz.de/10014401149
Cover Image
Any Link Between Legal Central Bank Independence and Inflation? : Evidence From Latin America and the Caribbean
Jácome, Luis Ignacio - 2005
panel regressions, we find a negative relationship between legal central bank independence (CBI) and inflation. This result … holds for three alternative measures of CBI and after controlling for international inflation, banking crises, and exchange … fails, however, to find a causal relationship running from CBI to inflation …
Persistent link: https://www.econbiz.de/10014400080
Cover Image
The Demand for Money During High Inflation Episodes : Some Latin American Evidenceon the Cagan Model
Taylor, Mark P. - 1991
This paper examines the demand for money under conditions of very high inflation in Argentina, Bolivia, Brazil, Chile …
Persistent link: https://www.econbiz.de/10014398469
Cover Image
Some alternative monetary facts
Stella, Peter; Kumar, Manmohan S.; Bhargava, Apoorv - 2021
Persistent link: https://www.econbiz.de/10012487229