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Key macro indicators such as output, productivity, and inflation are based on a complex system across multiple statistical agencies using different samples and different levels of aggregation. The Census Bureau collects nominal sales, the Bureau of Labor Statistics collects prices, and the...
Persistent link: https://www.econbiz.de/10012479421
In this paper I analyze several issues related to contagion,' including its definition, recent experiences, alternative channels at work, and possible prevention mechanisms. The discussion deals with the macroeconomics implications of contagion, and concentrates on the relationship between the...
Persistent link: https://www.econbiz.de/10012470949
better economic environment. In this paper I review these sources through the recent experiences of Argentina, Chile and …
Persistent link: https://www.econbiz.de/10012470968
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
studying bank-specific data on lending by domestically- and foreign-owned banks in Argentina and Mexico. We find that foreign … credit growth during crisis periods. In Argentina, the loan portfolios of foreign and domestic privately-owned banks are … lower levels of impaired assets have similar loan responsiveness and portfolios. State-owned banks (Argentina) and banks …
Persistent link: https://www.econbiz.de/10012471047
This work explores how Argentina overcame the Great Depression and asks whether active macroeconomic interventions made …-standard orthodoxy after the final suspension of convertibility in 1929. As elsewhere, fiscal policy in Argentina was conservative, and …
Persistent link: https://www.econbiz.de/10012471138
Argentina's money and banking system was hit hard by the Great Depression. The banking sector was awash with bad assets …
Persistent link: https://www.econbiz.de/10012471399
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
This paper examines business cycles theoretically and empirically, with a quantitative study based on experience over the long run and in a cross section of countries. Several major questions in business cycle theory are explored. Theoretical concerns indicate that the properties of business...
Persistent link: https://www.econbiz.de/10012471707
occurred prior to the start of our data. Using a natural experiment in Argentina, where some products were newly brought under …
Persistent link: https://www.econbiz.de/10012659997