Similar Search Results

No Single Currency Regime is Right for All Countries or At All Times

Frankel, Jeffrey A. - 1999

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

International Borrowing and Macroeconomic Performance in Argentina

Dominguez, Kathryn M.E. - 2005

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 … late 1990s, when Argentina went into recession, it required some sort of stimulus -- either a loosening of monetary policy …

Persistent link: https://www.econbiz.de/10012467330

The Great Exchange Rate Debate After Argentina

Edwards, Sebastian - 2002

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/10012469452

Pricing Currency Risk : Facts and Puzzles from Currency Boards

Schmukler, Sergio L. - 2002

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/10012469666

Limiting Currency Volatility to Stimulate Goods Market Integration : A Price Based Approach

Parsley, David C. - 2001

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/10012470250

Fewer Monies, Better Monies

Dornbusch, Rudi - 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/10012470400

Hong Kong's Currency Board and Changing Monetary Regimes

Kwan, Yum K. - 1996

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/10012473115

Interest Rates, Contagion and Capital Controls

Edwards, Sebastian - 2000

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

Macroeconomic Volatility in Latin America : A View and Three Case Studies

Caballero, Ricardo J. - 2000

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

Can Emerging Market Bank Regulators Establish Credible Discipline? The Case of Argentina, 1992-1999

Calomiris, Charles W. - 2000

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

1
2
3
4
5
6
7
8
9
10
Next
Last