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In this paper I analyze, within the context of the new 'financial architecture,' the relationship between exchange rate regimes, capital flows and currency crises in emerging economies. The paper draws on lessons learned during the 1990s, and deals with some of the most important policy...
Persistent link: https://www.econbiz.de/10012470189
In this paper I analyze several issues related to contagion,' including its definition, recent experiences, alternative channels at work, and possible prevention mechanisms. The discussion deals with the macroeconomics implications of contagion, and concentrates on the relationship between the...
Persistent link: https://www.econbiz.de/10012470949
economies. Although much of the discussion concentrates on East Asia and Mexico, I also draw on the history of some previous …
Persistent link: https://www.econbiz.de/10012471557
floating regime. Some even argued that it was d‚j… vu' all over again, and that the Bank of Mexico was manipulating monetary …-97 the Bank of Mexico followed some sort of feedback rule from the exchange rate to monetary policy. Our answer to this …
Persistent link: https://www.econbiz.de/10012472288
evidence for Chile and Mexico supports the main predictions of the model …
Persistent link: https://www.econbiz.de/10012472844
observers were shocked by this turn of events. Mexico had a remarkable historical precedent: merely a dozen years earlier Chile … suffered a prophetically similar crisis. Like Mexico during the 1980s, Chile during the 1970s undertook major structural … aimed at creating a modern financial sector. In Chile, as in Mexico more than a decade later, the use of a predetermined …
Persistent link: https://www.econbiz.de/10012473039
, and capital mobility - Chile, Colombia and Mexico - to investigate the extent to which Federal Reserve actions are …
Persistent link: https://www.econbiz.de/10012457773