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This paper analyzes the currency crises of the South American countries during the period from 1992 to 1998, based on the Velasco (1996) model. This is a model that synthesizes two approaches: speculative attacks resulting from unbalanced macroeconomics fundamentals and resulting from...
Persistent link: https://www.econbiz.de/10013106280
Persistent link: https://www.econbiz.de/10001567433
This article evaluates whether the Brazilian fiscal policy in the 1980, 1990 and 2000 was believable to cooperate to maintain price stability. Accordingly, if the costs for program maintenance of price stability outweigh the benefits, there is no incentive for the government to keep it. Within...
Persistent link: https://www.econbiz.de/10013086151