Modern Exchange-rate Regimes, Stabilisation Programmes and Co-ordination of Macroeconomic Policies

Recent Experiences of Selected Developing Latin American Economies

Maria Luiza FalcÃo Silva (Autor)

Buch | Softcover

334 Seiten

2020
Routledge (Verlag)
978-1-138-32300-1 (ISBN)

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Published in 1999, this work analyzes the phenomenon of macroeconomic adjustment, with special emphasis on selected Latin American countries facing stabilization programmes. It provides a historical description of the origins, functioning and collapse of exchange-rate regimes from the international classical gold standard period to modern arrangements. The author supports the argument that systemic asymmetries in the worldwide adjustment mechanism are inherent in the international monetary system. The recent theoretical literature dealing with the rules vs discretion debate and its interaction with the credibility issue is reviewed. This topic is intrinsically related to the dispute over the appropriate role of exchange-rate anchors in disinflation programmes. Against a background of academic dispute between advocates of exchange-rate prescriptions and monetary conceptions, the contrasting views of different theorists regarding the choice of exchange rate regimes are presented and assessed. Finally, a comparative analysis of recent experiments in Argentina, Brazil, Chile and Mexico with exchange-rate based disinflation stabilization programmes is undertaken. The problems that have arisen while establishing new institutional arrangements, such as new currency or a policy rule for monetary base creation, are examined.

Maria Luiza Falcão Silva

1. Origins and Functioning of Modern Exchange-Rate Regimes 2. Systemic Asymmetries Inherent in the International Monetary Systems 3. Monetary vs. Exchange-Rate Targeting: Revisiting the Rules vs. Discretion Debate 4. Exchange-Rate Regimes: Conceptual Monetary Differences and Contrasting Views 5. The Dilemma of Selected Latin American Countries Facing Stabilisation Programmes 6. The International Financial System.

Erscheinungsdatum	01.07.2020
Reihe/Serie	Routledge Revivals
Verlagsort	London
Sprache	englisch
Maße	152 x 219 mm
Gewicht	640 g
Themenwelt	Sozialwissenschaften ► Ethnologie
	Sozialwissenschaften ► Soziologie ► Spezielle Soziologien
	Wirtschaft ► Betriebswirtschaft / Management
	Wirtschaft ► Volkswirtschaftslehre
ISBN-10	1-138-32300-4 / 1138323004
ISBN-13	978-1-138-32300-1 / 9781138323001
Zustand	Neuware