Author: Ugo Fasano-FilhoPublisher: Gower Publishing Company, Limited
ISBN:
Category : Business & Economics
Languages : en
Pages : 216
Book Description
Currency Substitution and Liberalization
Author: Ugo Fasano-FilhoPublisher: Gower Publishing Company, Limited
ISBN:
Category : Business & Economics
Languages : en
Pages : 216
Book Description
Currency Substitution
Author: Victor A. CantoPublisher: Springer Science & Business Media
ISBN: 9400932618
Category : Business & Economics
Languages : en
Pages : 203
Book Description
This work grew out of a series of investigations begun by the authors in 1980 and 1981. Specifically the authors pursued two lines of inquiry. First, to advance the state of the theoretical lit erature to better explain the crises of liberalization which seemed to be afflicting the third world in general and Latin America in particular. To do this, several different kinds of models were in vestigated and adapted. These are presented in Chapters 2, 3 and 5. Secondly an analysis of the empirical evidence was conducted in order to gain insight into the processes that were thought to be occurring and the theoretical models that were being developed. Some of this work appears in Chapters 3, 4, 5 and 6. Other work by the authors on these issues has been published elsewhere and is referenced herein. There are a great many people whose work and whose com ments have influenced this work. We would like to especially thank Guillermo Calvo, Michael Connolly, Sebastian Edwards, Roque Fernandez, Michael Darby, Robert Clower, Neil Wallace, John Kareken, Paul McNelis, Jeffrey Nugent, Jaime Marquez, Lee Ohanian, Leroy Laney, Jorge Braga de Macedo, Dale Henderson, vii Matthew Canzoneiri, Arthur Laffer, Marc Miles, and George Von Furstenberg whose ideas and comments gave rise to much of our work. We would like to thank Suh Lee for his assistance with the computations in Chapter 5.
Foreign Exchange Market Liberalization and the Demand for Money in the Presence of Currency Substitution
Author: David Cal MacWilliamPublisher:
ISBN:
Category : Currency substitution
Languages : en
Pages : 94
Book Description
Financial Liberalization, Currency Substitution, and Investment
Author: M. Nureldin HussainPublisher:
ISBN:
Category : Currency substitution
Languages : en
Pages : 38
Book Description
Abstracts in English and French.
Financial Liberalization, Currency Substitution and Savings
Author: Tafirenyika SundePublisher:
ISBN:
Category : Elections
Languages : en
Pages : 14
Book Description
Capital Controls and Trade Liberalization in a Monetary Economy
Author: Mr.B. JangPublisher: International Monetary Fund
ISBN: 1451844123
Category : Business & Economics
Languages : en
Pages : 25
Book Description
This paper reexamines Aizenman’s (1985) results on the effects of capital controls during unanticipated trade liberalization using an intertemporal optimizing monetary model. Unlike in Aizenman’s model, which is based on the currency substitution model, foreign money is an interest-bearing asset in this paper, and its major role is to smooth intertemporal consumption. With this modification, Aizenman’s results are reversed, thus showing that the effects of capital controls during trade liberalization would vary greatly depending on the role of foreign money in a country. The effects of an anticipated trade liberalization are also studied.
Financial Liberalization, Currency Substitution and Savings
Author: Foreign Economic Liberalization
Author: Andras KovesPublisher: Routledge
ISBN: 0429702558
Category : Political Science
Languages : en
Pages : 302
Book Description
This groundbreaking volume combines theories of economic liberalization with a wide variety of case studies from market and socialist economies. Internationally regarded scholars and Eastern European policymakers have collaborated to evaluate the dramatic economic changes taking place throughout the world. The opening essays contribute to the theoretical debate by showing that foreign economic liberalization goes beyond reducing import barriers to policies on investment, financial liberalization, convertability, and export promotion. Case studies compare successful and unsuccessful liberalization attempts world wide. The disintegration of the CMEA and the policy dilemmas facing Central and Eastern Europe are examined in great detail, as the authors explore the pitfalls and opportunities inherent in the transformation from a centrally planned economy. This up-to-date text will be invaluable for courses on the history and transformation of socialist economies, comparative economic systems, and international trade and investment.
Issues in Foreign Exchange Policy in Japan
Author: C. R. McKenziePublisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 434
Book Description
Dollarization in Transition Economies
Author: Ms.Ratna SahayPublisher: International Monetary Fund
ISBN: 145195008X
Category : Business & Economics
Languages : en
Pages : 34
Book Description
After most restrictions on foreign currency holdings were relaxed in the early 1990s, foreign currency deposits in transition economies have been increasing rapidly. This paper takes a first look at the evidence on dollarization for 15 transition economies, and then discusses some key conceptual and policy implications. Depending on the institutional constraints, foreign currency deposits as a proportion of broad money reached a peak of between 30 and 60 percent in 1992-93. Unlike what has been observed in Latin America, however, dollarization has fallen substantially in the aftermath of successful stabilization plans in Estonia, Lithuania, Mongolia, and Poland. Since foreign currency deposits reflect mainly a portfolio choice, the fall in dollarization can be primarily attributed to higher real returns on domestic-currency assets, as a result of lower inflation and more market-determined interest rates.