Financial Policies and the World Capital Market: The Problem of Latin American Countries

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Financial Policies and the World Capital Market

The Problem of Latin American Countries

Edited by: Pedro Aspe Armella , Rudiger Dornbusch and Maurice Obstfeld

Language: English

Published/Copyright: 1983

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This book is in the series

National Bureau of Economic Research Conference Report

About this book

The essays brought together in this volume share a common objective: To bring a unifying methodological approach to the analysis of financial problems in developing, open economies. While the primary focus is on contemporary Latin America, the methods employed and the lessons learned are of wider applicability. The papers address the financial integration issue from three different perspectives. In some cases, a country study is the vehicle for an econometric investigation of a particular external linkage. In other cases, an individual country's experience suggests an economic model in which the stylized facts may be analyzed and developed. A third direction is unabashedly theoretical and formulates more general principles which are broadly applicable rather than country-specific.

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Business and Economics Political Economics Political Economics, other

Frontmatter Publicly Available Download PDF	i
Contents Publicly Available Download PDF	vii
Preface Publicly Available Download PDF	ix
Introduction Requires Authentication Unlicensed Licensed	1
1. Stories of the 1930s for the 1980s Carlos F. Diaz Alejandro and Miguel Mancera Requires Authentication Unlicensed Licensed	5
2. Optimal Economic Integration Michael Mussa Requires Authentication Unlicensed Licensed	41
3. Seigniorage and Fixed Exchange Rates: An Optimal Inflation Tax Analysis Stanley Fischer Requires Authentication Unlicensed Licensed	59
4. Dollarization in Mexico: Causes and Consequences Guillermo Ortiz and Thomas J. Sargent Requires Authentication Unlicensed Licensed	71
5. On Equilibrium Wage Indexation and Neutrality of Indexation Policy Nissan Liviatan and Mario Henrique Simonsen Requires Authentication Unlicensed Licensed	107
6. Real versus Financial Openness under Alternative Exchange Rate Regimes Michael Bruno and Peter M. Garber Requires Authentication Unlicensed Licensed	131
7. Financing Private Business in an Inflationary Context: The Experience of Argentina between 1967 and 1980 Domingo F. Cavallo, A. Humberto Petrei, Charles E. McLure and Andrew Abel Requires Authentication Unlicensed Licensed	153
8. Debt and the Current Account Deficit in Brazil Olivier Jean Blanchard Requires Authentication Unlicensed Licensed	187
9. Trying to Stabilize: Some Theoretical Reflections Based on the Case of Argentina Guillermo A. Calvo Requires Authentication Unlicensed Licensed	199
10. Interest Differential and Covered Arbitrage Jose Saul Lizondo Requires Authentication Unlicensed Licensed	221
11. Capital Mobility and the Scope for Sterilization: Mexico in the 1970s Robert E. Cumby and Maurice Obstfeld Requires Authentication Unlicensed Licensed	245
12. Panel Discussion: The Capital Market under Conditions of High and Variable Inflation Juan Carlos de Pablo, Miguel Mancera and Mario Henrique Simonsen Requires Authentication Unlicensed Licensed	277
Contributors Requires Authentication Unlicensed Licensed	285
Author Index Requires Authentication Unlicensed Licensed	287
Subject Index Requires Authentication Unlicensed Licensed	290

Publishing information

Pages and Images/Illustrations in book

eBook published on:

May 15, 2009

eBook ISBN:

9780226029979

Pages and Images/Illustrations in book

Main content:

302

https://doi.org/10.7208/9780226029979

eBook ISBN: 9780226029979

Keywords for this book

international; global; capitalism; goods; trade; marketplace; latin america; regional; geographical; problems; essay collection; anthology; analysis; academic; scholarly; research; educational; argument; higher ed; college; university; methodology; methodological; approaches; finance; developing; economy; economics; contemporary; modern; present day; integration; econometric; theoretical; debt; brazil; deficit; mexico; wages; history; historical; inflation

Audience(s) for this book

Professional and scholarly;

Financial Policies and the World Capital Market

Overview

About this book

Topics

Table of contents

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