Financial Policies and the World Capital Market : The Problem of Latin American Countries.
Title:
Financial Policies and the World Capital Market : The Problem of Latin American Countries.
Author:
Armella, Pedro Aspe.
ISBN:
9780226029979
Personal Author:
Physical Description:
1 online resource (304 pages)
Series:
National Bureau of Economic Research Conference Report
Contents:
Contents -- Preface -- Introduction -- 1. Stories of the 1930s for the 1980s -- Comment: Miguel Mancera -- 2. Optimal Economic Integration -- 3. Seigniorage and Fixed Exchange Rates: An Optimal Inflation Tax Analysis -- 4. Dollarization in Mexico: Causes and Consequences -- Comment: Thomas J. Sargent -- 5. On Equilibrium Wage Indexation and Neutrality of Indexation Policy -- Comment: Mario Henrique Simonsen -- 6. Real versus Financial Openness under Alternative Exchange Rate Regimes -- Comment: Peter M. Garber -- 7. Financing Private Business in an Inflationary Context: The Experience of Argentina between 1967 and 1980 -- Comment: Charles E. McLure, Jr. -- Comment: Andrew Abel -- 8. Debt and the Current Account Deficit in Brazil -- 9. Trying to Stabilize: Some Theoretical Reflections Based on the Case of Argentina -- Comment: Herminio A. Blanco -- Comment: Ricardo Ffrench-Davis -- 10. Interest Differential and Covered Arbitrage -- Comment: Kenneth Rogoff -- 11. Capital Mobility and the Scope for Sterilization: Mexico in the 1970s -- Comment: Jacob A. Frenkel -- 12. Panel Discussion: The Capital Market under Conditions of High and Variable Inflation -- List of Contributors -- Author Index -- Subject Index.
Abstract:
The essays brought together in this volume share a common objective: To bring a unifying methodological approach to the analysis of financial problems in developing, open economies. While the primary focus is on contemporary Latin America, the methods employed and the lessons learned are of wider applicability. The papers address the financial integration issue from three different perspectives. In some cases, a country study is the vehicle for an econometric investigation of a particular external linkage. In other cases, an individual country's experience suggests an economic model in which the stylized facts may be analyzed and developed. A third direction is unabashedly theoretical and formulates more general principles which are broadly applicable rather than country-specific.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
Genre:
Electronic Access:
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