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Argentina, Chile, Uruguay and Greece. The results suggest that the haircut imposed by Argentina in its 2005 restructuring (75 …
Persistent link: https://www.econbiz.de/10012457702
Latin American countries (Argentina, Brazil, and Uruguay). To correctly identify innovations in changes in legal reserve …
Persistent link: https://www.econbiz.de/10012481235
This paper reviews recent developments in the theoretical and empirical analysis of balance-of-payments crises. A simple analytical model highlighting the process leading to such crises is first developed. The basic framework is then extended to deal with a variety of issues, such as:...
Persistent link: https://www.econbiz.de/10012475069
We use new manufacturing GDP time series to examine the industrialization in Argentina, Brazil, Chile, and Colombia …
Persistent link: https://www.econbiz.de/10012453369
for Brazil, Chile, and Mexico; risk tolerance for Argentina, Costa Rica, and Peru …
Persistent link: https://www.econbiz.de/10013388809
In 1985-86 Argentina, Brazil and Israel initiated programs of stabilization after episodes of high and sharply … programs in Argentina and Israel have now been in force for over a year and the more recent one in Brazil for half a year …, inertial inflation and the basics of monetary reform. We also review the actual stabilization experience in Argentina, Brazil …
Persistent link: https://www.econbiz.de/10012476916
sample of four emerging small open economies: Argentina, Ecuador, Venezuela, and Brazil. We postulate a stochastic volatility …
Persistent link: https://www.econbiz.de/10012463773
policy in the automobile sector in Argentina and Brazil during 1996-1999 … increase under the new regime even though tariffs against these goods become more discriminatory, and exports from Brazil to … Argentina decrease once the trade balance constraint is removed …
Persistent link: https://www.econbiz.de/10012466927
large devaluation episodes: Argentina (2001), Brazil (1999), Korea (1997), Mexico (1994), and Thailand (1997). We conduct a … detailed analysis of the Argentina case using disaggregated CPI data, data from our own survey of prices in Buenos Aires, and …
Persistent link: https://www.econbiz.de/10012467701
The flypaper effect is a widely-documented puzzle whereby the propensity of sub-national governmental units to spend out of unconditional transfers is higher than the propensity to spend out of private income. Building on previous insights in the literature that rationalize this puzzle using...
Persistent link: https://www.econbiz.de/10012456371