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This paper reviews experience with currency convertibility on both the current and capital accounts, with particular … attention to the Fund’s concepts and policy implications. After discussing the basic concepts of convertibility, the paper … reviews the experience with convertibility in three groups of Fund members--industrial countries, developing countries, and …
Persistent link: https://www.econbiz.de/10014398501
This paper presents theoretical work linking money demand to the perceptions of households about the risk that domestic currency may become inconvertible or that it may be devalued. An empirical investigation of the size of this effect is carried out using both cross section data and then...
Persistent link: https://www.econbiz.de/10014400108
This paper analyzes issues for developing countries considering a move to capital account convertibility. It reviews …
Persistent link: https://www.econbiz.de/10014396047
move to full currency convertibility. The main experiences of industrial countries in their decontrol of international …
Persistent link: https://www.econbiz.de/10014396140
. The latter is modelled by recognizing prior constraints on free currency convertibility that are imposed via the use of a …
Persistent link: https://www.econbiz.de/10014396238
Persistent link: https://www.econbiz.de/10009419727
Persistent link: https://www.econbiz.de/10010359887
We explore whether the global financial crisis has had heterogeneous effects on traded goods differentiated by quality. Combining a dataset of Argentinean firm-level destination-specific wine exports with quality ratings, we show that higher quality exports grew faster before the crisis, but...
Persistent link: https://www.econbiz.de/10011434921
the long term. We illustrate its features by applying it to the LAC5 (Argentina, Brazil, Chile, Colombia and Mexico …
Persistent link: https://www.econbiz.de/10011671097
in boosting long-term GDP growth in Argentina. The impact of product, labor, trade, and tax reforms on each supply … important for capital accumulation. Structural reforms could have substantial effects on Argentina's long-term GDP growth; for …
Persistent link: https://www.econbiz.de/10011905891