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Monetary Policy and Macroeconomic Stabilization in Latin America
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ISBN: 128096958X 9786610969586 3540282017 3540255834 364206499X Year: 2005 Publisher: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer,

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Abstract

Latin America is a very important region of the globe, which has been buffeted by successive waves of economic instability within the last decades. These waves have caused several episodes of hyperinflation or near hyperinflation, and several currency and financial crises, which, in certain moments, have even spilled over and affected other emerging markets. This has resulted in huge costs in terms of lost potential growth, and, as is inevitable, the markets most affected by this have been the least capable of defending themselves. In a region plagued by still considerable rates of social exclusion, with some of the highest rates of income concentration in the whole globe, the human costs of these crises have been very substantial. Starting in the early 1990s, the slow implementation of reforms, plus the resumption of more sustained growth—to a substantial degree linked to the increase in commodity prices, especially since the early 2000s—seems to have resulted in a more stable situation. Initially, in early reformers like Chile, later in the larger economies of the region, like Brazil and Mexico, a consensus— embraced by both sides of the political spectrum—towards integration in global markets, both in their trade and financial components, floating exchange rates, independent monetary authorities, and sustainable fiscal policies has emerged.

Return to Growth in CIS Countries : Monetary Policy and Macroeconomic Framework
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ISBN: 1280615540 9786610615544 3540342648 354034263X 3642070663 Year: 2006 Publisher: Berlin, Heidelberg : Springer Berlin Heidelberg : Imprint: Springer,

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The aim of this book is to analyse specific sets of macro and structural policies in selected Eastern European countries. The book includes studies on the major Western CIS (Commonwealth of Independent States) countries, Belarus, Russia and Ukraine, plus a set of cross-country and regional studies. The focus is on the link between sustained economic growth and macro and structural economic policies in the CIS countries where recovery lagged until recently. By analysing how government policy can affect the relevant variables and behavioural framework in an economy and how these countries can achieve stability and engage in micro-structural reforms for long-run growth, the book contributes importantly to the discussion about the economic prospects of the CIS countries.

The Euroarea and the new EU member states
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ISBN: 1403915199 Year: 2004 Publisher: Basingstoke : Palgrave,

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Keywords

Monetary policy


Digital
Return to Growth in CIS Countries : Monetary Policy and Macroeconomic Framework
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ISBN: 9783540342649 Year: 2006 Publisher: Berlin, Heidelberg Springer Berlin · Heidelberg

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Dissertation
Beyond transition : essays on the monetary integration of the accession countries in Eastern Europe
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ISBN: 9051706316 Year: 2003 Publisher: Amsterdam Tinbergen institute


Book
Return to Growth in CIS Countries : Monetary Policy and Macroeconomic Framework
Authors: --- ---
ISBN: 9783540342649 Year: 2006 Publisher: Berlin Heidelberg Springer Berlin Heidelberg

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Abstract

The aim of this book is to analyse specific sets of macro and structural policies in selected Eastern European countries. The book includes studies on the major Western CIS (Commonwealth of Independent States) countries, Belarus, Russia and Ukraine, plus a set of cross-country and regional studies. The focus is on the link between sustained economic growth and macro and structural economic policies in the CIS countries where recovery lagged until recently. By analysing how government policy can affect the relevant variables and behavioural framework in an economy and how these countries can achieve stability and engage in micro-structural reforms for long-run growth, the book contributes importantly to the discussion about the economic prospects of the CIS countries.


Digital
European monetary integration after EU enlargement
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ISBN: 3894562625 Year: 2004 Publisher: Kiel Institut für Weltwirtschaft

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