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In the early 1990s, after decades of high inflation and financial repression, Argentina embarked on a course of … banking system during the liberalization process. Argentina suffered some fallout from the Mexican tequila crisis of 1995, but … discipline after the crisis made Argentina's banking system quite resilient during the Asian, Russian, and Brazilian crises …
Persistent link: https://www.econbiz.de/10012471046
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
decisions in Argentina, and find results consistent with the predictions of the theory …
Persistent link: https://www.econbiz.de/10012467366
-finance optimizing problem. We shows that under conditions similar to those which prevailed in Russia and Argentina prior to their …
Persistent link: https://www.econbiz.de/10012469520
second edition of The Handbook of Public Economics shows how generational policy works, how it's measured, and how much it …
Persistent link: https://www.econbiz.de/10012470563
exchange-rate-based-stabilizations. We use data for the U.S. and Argentina to document the importance of distribution margins … in retail prices and disaggregated price data to study price dynamics in the aftermath of Argentina's 1991 Convertibility …
Persistent link: https://www.econbiz.de/10012470881
the presence of frequent wars, ever-tightening access to foreign capital, and an inadequate tax base, Argentina's use of …
Persistent link: https://www.econbiz.de/10012471950
This paper studies the effects of contagion on bank lending spreads and output fluctuations in Argentina. The first …
Persistent link: https://www.econbiz.de/10012471962
This paper interprets contagion effects as a perceived increase (triggered by events occurring elsewhere) in the volatility of aggregate shocks impinging on the domestic economy. The implications of this approach are analyzed in a model with two types of credit market imperfections: domestic...
Persistent link: https://www.econbiz.de/10012472734
This paper uses a unified analytical framework to assess, both qualitatively and quantitatively, the relevance of the different hypotheses that have been proposed to explain the real effects of exchange rate-based stabilizations. The four major hypotheses analyzed are: (i) the supply-side...
Persistent link: https://www.econbiz.de/10012473682