10. Interest Differential and Covered Arbitrage

Kapitel in diesem Buch

1. Frontmatter i
2. Contents vii
3. Preface ix
4. Introduction 1
5. 1. Stories of the 1930s for the 1980s 5
6. 2. Optimal Economic Integration 41
7. 3. Seigniorage and Fixed Exchange Rates: An Optimal Inflation Tax Analysis 59
8. 4. Dollarization in Mexico: Causes and Consequences 71
9. 5. On Equilibrium Wage Indexation and Neutrality of Indexation Policy 107
10. 6. Real versus Financial Openness under Alternative Exchange Rate Regimes 131
11. 7. Financing Private Business in an Inflationary Context: The Experience of Argentina between 1967 and 1980 153
12. 8. Debt and the Current Account Deficit in Brazil 187
13. 9. Trying to Stabilize: Some Theoretical Reflections Based on the Case of Argentina 199
14. 10. Interest Differential and Covered Arbitrage 221
15. 11. Capital Mobility and the Scope for Sterilization: Mexico in the 1970s 245
16. 12. Panel Discussion: The Capital Market under Conditions of High and Variable Inflation 277
17. Contributors 285
18. Author Index 287
19. Subject Index 290