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Capital controls, exchange rates, and monetary policy in the world economy
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ISBN: 0521472288 0521597110 0511571887 9780521472289 9780521597111 Year: 1995 Publisher: Cambridge : Cambridge University Press,

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The essays collected in this volume, written by well-known academics and policy analysts, discuss the impact of increased capital mobility on macroeconomic performance. The authors highlight the most adequate ways to manage the transition from a semi-closed economy to a semi-open one. Additionally, issues related to the measurement of openness, monetary control, optimal exchange rates regimes, sequencing of reforms, and real exchange rate dynamics under different degrees of capital mobility are carefully analyzed. The book is divided into four parts after the editor's introduction. The first part contains the general analytics of monetary policy in open economies. Parts two to four deal with diverse regional experiences, covering Europe, the Asian Pacific region, and Latin America. The papers on which the essays are based were originally presented at a conference on Monetary Policy in Semi-Open Economies, held in Seoul, Korea in November 1992.

Keywords

International finance --- Capital movements --- Change [Cours du ] --- Cours du change --- Exchange rates --- Fixed exchange rates --- Flexible exchange rates --- Floating exchange rates --- Flottement des monnaies --- Fluctuating exchange rates --- Foreign exchange rates --- Kapitaalbewegingen --- Koersen [Wissel] --- Monetair beleid --- Monetaire politiek --- Monetary policy --- Monnaie -- Flottement --- Monnaie -- Politique gouvernementale --- Mouvements de capitaux --- Politique monétaire --- Wisselkoersen --- Wisseltarieven --- Monetary policy. --- Foreign exchange rates. --- 339.72 --- politique monetaire --- taux de change --- mouvements internationaux des capitaux --- commerce mondial --- economie --- AA / International- internationaal --- 333.80 --- 333.432.8 --- 333.450 --- 333.846.0 --- 333.451.0 --- Monetary systems --- 332.46 --- Monetary management --- Economic policy --- Currency boards --- Money supply --- Foreign exchange --- Rates of exchange --- Capital flight --- Capital flows --- Capital inflow --- Capital outflow --- Flight of capital --- Flow of capital --- Movements of capital --- Balance of payments --- Internationaal betalingsverkeer. Valutahandel. Wisselmarkten. Deviezenhandel. Internationale kapitaalmarkt. Flow and funds analysis. Betalingsbalans. Internationale geldmarkt. --- monetair beleid --- wisselkoers --- internationaal kapitaalverkeer --- wereldhandel --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden. --- Internationale monetaire organisatie. Internationaal Muntfonds. Algemene leningovereenkomsten. --- Theorie van het deviezenverkeer. Theorie van de koopkrachtpariteit. --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden. --- Wisselmarkt: algemeenheden. --- Rates --- Capital movements. --- 339.72 Internationaal betalingsverkeer. Valutahandel. Wisselmarkten. Deviezenhandel. Internationale kapitaalmarkt. Flow and funds analysis. Betalingsbalans. Internationale geldmarkt. --- Internationale monetaire organisatie. Internationaal Muntfonds. Algemene leningovereenkomsten --- Theorie van het deviezenverkeer. Theorie van de koopkrachtpariteit --- Wisselmarkt: algemeenheden --- Geld-, bank- en kredietpolitiek. Kapitaalmarkt en -rente: algemeenheden --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden --- Internationaal betalingsverkeer. Valutahandel. Wisselmarkten. Deviezenhandel. Internationale kapitaalmarkt. Flow and funds analysis. Betalingsbalans. Internationale geldmarkt --- Business, Economy and Management --- Economics


Book
Environnement économique et politique de transition vers une économie de marché: Colombie
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ISBN: 926429497X 9264295232 Year: 2001 Volume: *114 Publisher: Paris : OECD Publishing,

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La Colombie constitue un cas à part dans cette série d’études car elle n’a jamais été un État communiste. Toutefois, elle possède quelques points communs avec les économies socialistes centralisées : en effet, les rênes du pouvoir y sont détenues par une oligarchie qui se refuse à partager avec le reste de la société. Des réformes ont eu lieu mais elles ont été entreprises dans un climat conflictuel, avec d’un côté ceux qui défendent leurs avantages acquis et de l’autre ceux qui se battent pour la réforme car ils en seraient les principaux bénéficiaires. Cette étude décrit les rapports entre ces différentes forces et la façon dont les conflits ont été (ou non) résolus. Les enseignements à en tirer pour les pays voisins et pour les économies émergentes en général sont d’une portée considérable.

Real exchange rates, devaluation, and adjustment : exchange rate policy in developing countries
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ISBN: 0262050390 Year: 1991 Publisher: Cambridge, Mass. ; London MIT Press

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Devaluation of currency --- Dévaluation --- Change, Problème du --- 336.748.12 <1-772> --- -Foreign exchange administration --- -339.743 <1-772> --- 333.840 --- Currency devaluation --- Algemeen prijsniveau. Prijsindex. Prijsstijging--Onontwikkelde, onderontwikkelde gebieden --- Wisselkoersen. Wisselkoerspariteiten. Dubbele wisselkoers. Devaluatie. Revaluatie. Zwevende wisselkoers. Muntslang--Onontwikkelde, onderontwikkelde gebieden --- Verband tussen de économische groei en de geld-, bank-en kredietpolitiek: algemeenheden. Monetaire overwaardering en onderwaardering. --- Devaluation --- 339.743 <1-772> Wisselkoersen. Wisselkoerspariteiten. Dubbele wisselkoers. Devaluatie. Revaluatie. Zwevende wisselkoers. Muntslang--Onontwikkelde, onderontwikkelde gebieden --- 336.748.12 <1-772> Algemeen prijsniveau. Prijsindex. Prijsstijging--Onontwikkelde, onderontwikkelde gebieden --- Dévaluation --- Change, Problème du --- Foreign exchange administration --- Foreign exchange --- 331.33 --- 333.450 --- 333.844 --- 333.846.0 --- 338.340 --- AA / International- internationaal --- LDC / Developping Countries - Pays En Développement --- 339.743 <1-772> --- Money --- Currency question --- Monetary policy --- Structureel beleid. Reglementering. Dereglementering. Ordnungspolitik --- Theorie van het deviezenverkeer. Theorie van de koopkrachtpariteit --- Verband tussen de économische groei en de geld-, bank-en kredietpolitiek: algemeenheden. Monetaire overwaardering en onderwaardering --- Devaluatie en opwaardering. Stabilisering. J curve --- Verband tussen het monetair, bank- en kredietbeleid en de economische ontwikkeling: algemeenheden --- Algemene ontwikkeling in de Derde Wereld --- Developing countries --- Economic policy. --- International finance --- Change --- Administration --- Pays en développement --- Economic policy --- Politique économique --- Foreign exchange problem --- Foreign exchange administration - Developing countries. --- Foreign exchange problem - Developing countries. --- Devaluation of currency - Developing countries. --- Developing countries - Economic policy.

Crisis and reform in Latin America : from despair to hope.
Author:
ISBN: 0195211057 9780195211054 Year: 1996 Publisher: Oxford Oxford university press

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338.24 <8> --- 338 <8> --- Economic stabilization --- -Structural adjustment (Economic policy) --- -Adjustment, Economic --- Business stabilization --- Economic adjustment --- Stabilization, Economic --- Economic policy --- 338 <8> Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten--Zuid-Amerika --- Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten--Zuid-Amerika --- 338.24 <8> Instrumenten van de economische politiek. Economische orde. Economisch politieke maatregelen. Stabilisering. Stimuleringsmaatregelen. Regulering. Financiele steunmaatregelen--Zuid-Amerika --- Instrumenten van de economische politiek. Economische orde. Economisch politieke maatregelen. Stabilisering. Stimuleringsmaatregelen. Regulering. Financiele steunmaatregelen--Zuid-Amerika --- Latin America --- Asociación Latinoamericana de Libre Comercio countries --- Neotropical region --- Neotropics --- New World tropics --- Spanish America --- Economic conditions --- -Economic policy. --- -LAM / Latin America - Latijns Amerika - Amérique Latine --- 333.481 --- 331.33 --- Adjustment, Economic --- Monetaire crisissen, hervormingen, saneringen en stabilisering. --- Structureel beleid. Reglementering. Dereglementering. Ordnungspolitik. --- Structural adjustment (Economic policy) --- Economic policy. --- Economic conditions. Economic development --- Monetaire crisissen, hervormingen, saneringen en stabilisering --- Structureel beleid. Reglementering. Dereglementering. Ordnungspolitik --- Stabilisation économique --- Ajustement structurel (Economie) --- Amérique latine --- Conditions économiques --- Politique économique --- 1982-.... --- Latin America - Economic conditions - 1982 --- -Economic stabilization --- -Economic conditions. Economic development --- Structural adjustment (Economic policy) - Latin America --- Economic stabilization - Latin America --- Latin America - Economic policy --- -Latin America


Book
Toxic aid : economic collapse and recovery in Tanzania
Author:
ISBN: 0191009539 1306637813 0198825528 9780191009532 9781306637817 0191015369 Year: 2014 Publisher: Oxford : Oxford University Press,

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For many years Tanzania was the darling of international aid agencies. During the 1970s it received more assistance per capita than any other nation in the world. And yet, the economy performed dismally: growth was negative, exports collapsed, and poverty increased massively. In the mid 1980s, however, the international community changed tacks and developed an approach based on conditionality and 'program ownership'. Since 1996 the country has grown steadily, and social conditionshave improved significantly. This book provides an economic history of Tanzania, since independence in 1961. It cov


Book
American Default
Author:
ISBN: 1400890381 9781400890385 Year: 2018 Publisher: Princeton, NJ

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The untold story of how FDR did the unthinkable to save the American economyThe American economy is strong in large part because nobody believes that America would ever default on its debt. Yet in 1933, Franklin D. Roosevelt did just that, when in a bid to pull the country out of depression, he depreciated the U.S. dollar in relation to gold, effectively annulling all debt contracts. American Default is the story of this forgotten chapter in America's history.Sebastian Edwards provides a compelling account of the economic and legal drama that embroiled a nation already reeling from global financial collapse. It began on April 5, 1933, when FDR ordered Americans to sell all their gold holdings to the government. This was followed by the abandonment of the gold standard, the unilateral and retroactive rewriting of contracts, and the devaluation of the dollar. Anyone who held public and private debt suddenly saw its value reduced by nearly half, and debtors--including the U.S. government-suddenly owed their creditors far less. Revaluing the dollar imposed a hefty loss on investors and savers, many of them middle-class American families. The banks fought back, and a bitter battle for gold ensued. In early 1935, the case went to the Supreme Court. Edwards describes FDR's rancorous clashes with conservative Chief Justice Charles Evans Hughes, a confrontation that threatened to finish the New Deal for good-and that led to FDR's attempt to pack the court in 1937.At a time when several major economies never approached the brink of default or devaluing or recalling currencies, American Default is a timely account of a little-known yet drastic experiment with these policies, the inevitable backlash, and the ultimate result.

Keywords

Depreciation. --- Default (Finance) --- POLITICAL SCIENCE / American Government / Executive Branch. --- BUSINESS & ECONOMICS / Money & Monetary Policy. --- BUSINESS & ECONOMICS / Economic History. --- Depreciation --- New Deal, 1933-1939. --- New Deal, 1933-1939 --- Capital depreciation --- Obsolescence (Accounting) --- Accounting --- Bookkeeping --- Corporation reserves --- Reserves (Accounting) --- Economic life of fixed assets --- Finance --- Finance, Public --- Repudiation --- History --- New Deal (1933-1939) --- 1900-1999 --- United States. --- AB --- ABSh --- Ameerika Ühendriigid --- America (Republic) --- Amerika Birlăshmish Shtatlary --- Amerika Birlăşmi Ştatları --- Amerika Birlăşmiş Ştatları --- Amerika ka Kelenyalen Jamanaw --- Amerika Qūrama Shtattary --- Amerika Qŭshma Shtatlari --- Amerika Qushma Shtattary --- Amerika (Republic) --- Amerikai Egyesült Államok --- Amerikanʹ Veĭtʹsėndi͡avks Shtattn --- Amerikări Pĕrleshu̇llĕ Shtatsem --- Amerikas Forenede Stater --- Amerikayi Miatsʻyal Nahangner --- Ameriketako Estatu Batuak --- Amirika Carékat --- AQSh --- Ar. ha-B. --- Arhab --- Artsot ha-Berit --- Artzois Ha'bris --- Bí-kok --- Ē.P.A. --- EE.UU. --- Egyesült Államok --- ĒPA --- Estados Unidos --- Estados Unidos da América do Norte --- Estados Unidos de América --- Estaos Xuníos --- Estaos Xuníos d'América --- Estatos Unitos --- Estatos Unitos d'America --- Estats Units d'Amèrica --- Ètats-Unis d'Amèrica --- États-Unis d'Amérique --- Fareyniḳṭe Shṭaṭn --- Feriene Steaten --- Feriene Steaten fan Amearika --- Forente stater --- FS --- Hēnomenai Politeiai Amerikēs --- Hēnōmenes Politeies tēs Amerikēs --- Hiwsisayin Amerikayi Miatsʻeal Tērutʻiwnkʻ --- Istadus Unidus --- Jungtinės Amerikos valstybės --- Mei guo --- Mei-kuo --- Meiguo --- Mî-koet --- Miatsʻyal Nahangner --- Miguk --- Na Stàitean Aonaichte --- NSA --- S.U.A. --- SAD --- Saharat ʻAmērik --- SASht --- Severo-Amerikanskie Shtaty --- Severo-Amerikanskie Soedinennye Shtaty --- Si͡evero-Amerikanskīe Soedinennye Shtaty --- Sjedinjene Američke Države --- Soedinennye Shtaty Ameriki --- Soedinennye Shtaty Severnoĭ Ameriki --- Soedinennye Shtaty Si͡evernoĭ Ameriki --- Spojené obce severoamerick --- Spojené staty americk --- SShA --- Stadoù-Unanet Amerika --- Stáit Aontaithe Mheirice --- Stany Zjednoczone --- Stati Uniti --- Stati Uniti d'America --- Stâts Unîts --- Stâts Unîts di Americhe --- Steatyn Unnaneysit --- Steatyn Unnaneysit America --- SUA --- Sŭedineni amerikanski shtati --- Sŭedinenite shtati --- Tetã peteĩ reko Amérikagua --- U.S. --- U.S.A. --- United States of America --- Unol Daleithiau --- Unol Daleithiau America --- Unuiĝintaj Ŝtatoj de Ameriko --- US --- USA --- Usono --- Vaeinigte Staatn --- Vaeinigte Staatn vo Amerika --- Vereinigte Staaten --- Vereinigte Staaten von Amerika --- Verenigde State van Amerika --- Verenigde Staten --- VS --- VSA --- Wááshindoon Bikéyah Ałhidadiidzooígí --- Wilāyāt al-Muttaḥidah --- Wilāyāt al-Muttaḥidah al-Amirīkīyah --- Wilāyāt al-Muttaḥidah al-Amrīkīyah --- Yhdysvallat --- Yunaeted Stet --- Yunaeted Stet blong Amerika --- ZDA --- Združene države Amerike --- Zʹi͡ednani Derz͡havy Ameryky --- Zjadnośone staty Ameriki --- Zluchanyi͡a Shtaty Ameryki --- Zlucheni Derz͡havy --- ZSA --- ABŞ --- Amerikanʹ Veĭtʹsėndi͡avks Shtattnė --- É.-U. --- ÉU --- Saharat ʻAmērikā --- Spojené obce severoamerické --- Spojené staty americké --- Stáit Aontaithe Mheiriceá --- Wááshindoon Bikéyah Ałhidadiidzooígíí


Book
The Chile project : the story of the Chicago boys and the downfall of neoliberalism
Author:
ISBN: 9780691208626 9780691249360 Year: 2023 Publisher: Princeton Oxford : Princeton University Press,

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"After a modest increase in Metro fares in Santiago, Chile, last October, twenty Metro stations were simultaneously set on fire. The fare increase was the tipping point of years of social malaise. Days later there were more than a million protesters on the streets. The people of Chile were rejecting low pensions, highway tolls, school segregation, low-quality education, and poor public-health services-the result of decades of neoliberalism. Chile was the prototype for neoliberal policies, first set up under the dictatorship of Augusto Pinochet with the first-hand guidance of economists from the University of Chicago. Under neoliberalism Chile was long seen as an exemplary developing economy, and a testament to the power of privatization and free trade. But all was not well. Sebastian Edwards tells the story of how Chile went from being the posterchild of market-oriented reforms and capitalist modernization to a nation rocked by violence and political upheaval. He narrates the origins of neoliberalism and the role of the "Chicago boys" in designing and implementing these reforms. He explains the tension between poverty reduction and income inequality, which led to seething discontent under the surface of strong economic numbers. The book tells the story of the signature policies first enacted in Chile that came to define the neoliberal way more broadly: the replacement of a traditional pension system with a privately managed system of individual savings accounts, openness and globalization, the fiscal rule, the taming of inflation, and austere health, education, and environmental policies. As Chile now sets out to draft a new constitution, and other countries come to terms with the same set of policies, all under the looming specter of reactionary populism, the book is an authoritative and important assessment of the success of neoliberalism at a pivotal moment in its history."


Article
On the Sequencing of Structural Reforms
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Year: 1989 Publisher: Paris : OECD Publishing,

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Both OECD and developing economies have embarked on structural reforms aimed at dismantling regulations and reducing the extent of distortions affecting different sectors of their economies. Regardless of the marked differences, both groups have to deal with the problems of the appropriate sequencing and speed of reforms. This paper first critically reviews the LDC related literature on sequencing and speed of structural reforms drawing out features which are of relevance for OECD economies. The paper then develops a formal framework based on a welfare criterion for evaluating different sequencing scenarios. The framework emphasises the microeconomic or efficiency effects of structural policies paying particular attention to the way in which distortions interact both intra and inter temporally. The framework is then used to discuss some of the important issues such as the sequencing of micro and macro reforms ("competition of instruments"), broad front versus sequential ...

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Economics


Book
On the Sequencing of Structural Reforms
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Year: 1989 Publisher: Paris, France : OECD Publishing,

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Both OECD and developing economies have embarked on structural reforms aimed at dismantling regulations and reducing the extent of distortions affecting different sectors of their economies. Regardless of the marked difference, both groups have to deal with the problems of the appropriate sequencing and speed of reforms. This paper first critically reviews the LDCs' related literature on sequencing and speed of structural reforms drawing out features which are of relevance for OECD economies. The paper then develops a formal framework based on a welfare criterion for evaluating efficiency effects of structural policies paying particular attention to the way in which distortions interact both intra and inter-temporally. The framework is then used to discuss some of the important issues such as the sequencing of micro and macro reforms ("competition of instruments"), broad front versus sequential reforms, and the role of policy credibility.


Book
Exchange Rates in Emerging Countries: Eleven Empirical Regularities from Latin America and East Asia
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Year: 2011 Publisher: Cambridge, Mass. National Bureau of Economic Research

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