Narrow search
Showing 1 - 10 of 77
Cover Image
No Single Currency Regime is Right for All Countries or at All Times
Frankel, Jeffrey A. - 2021
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/10013218806
Cover Image
Pricing Currency Risk : Facts and Puzzles from Currency Boards
Schmukler, Sergio L.; Servén, Luis - 2021
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/10013238692
Cover Image
The Great Exchange Rate Debate after Argentina
Edwards, Sebastian - 2022
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/10013323989
Cover Image
International Borrowing and Macroeconomic Performance in Argentina
Dominguez, Kathryn M.E; Tesar, Linda L. - 2022
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 … the late 1990s, when Argentina went into recession, it required some sort of stimulus -- either a loosening of monetary …
Persistent link: https://www.econbiz.de/10013309250
Cover Image
Fewer Monies, Better Monies
Dornbusch, Rudiger - 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/10012787678
Cover Image
Limiting Currency Volatility to Stimulate Goods Market Integration : A Price Based Approach
Parsley, David C.; Wei, Shang-Jin - 2021
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/10013246260
Cover Image
Hong Kong'S Currency Board and Changing Monetary Regimes
Kwan, Yum K.; Lui, Francis T. - 2021
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/10013246274
Cover Image
Peronist Beliefs and Interventionist Policies
Di Tella, Rafael - 2010
Argentina and Democrat and Republican voters in the US. While income and education suggest that Peronists (in relative terms …
Persistent link: https://www.econbiz.de/10013135050
Cover Image
The Costs of Financial Crises : Resource Misallocation, Productivity and Welfare in the 2001 Argentine Crisis
Sandleris, Guido - 2011
Financial crises in emerging market countries appear to be very costly: both output and a host of partial welfare indicators decline dramatically. The magnitude of these costs is puzzling both from an accounting perspective -- factor usage does not decline as much as output, resulting in large...
Persistent link: https://www.econbiz.de/10013119037
Cover Image
The Effects of Information, Social and Economic Incentives on Voluntary Undirected Blood Donations : Evidence from a Randomized Controlled Trial in Argentina
Iajya, Victor - 2012
large-scale, natural field experiment in Argentina testing the effectiveness of information, social and economic incentives …
Persistent link: https://www.econbiz.de/10013096142