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Author: Mr.Paul R. Masson Publisher: International Monetary Fund ISBN: 1451929099 Category : Business & Economics Languages : en Pages : 36
Book Description
This paper examines credibility and reputational factors in explaining the December 1994 crisis of the Mexican peso. After reviewing events leading to the crisis, a model emphasizing the inflation-competitiveness trade-off is presented to explain the formation of devaluation expectations. Estimation results indicate that investors appear to have seriously underestimated the risk of devaluation, despite early warning signals. The collapse of confidence that followed the December 20 devaluation may have been the result of a shift in the perceived commitment of the authorities to exchange rate stability.
Author: Mr.Paul R. Masson Publisher: International Monetary Fund ISBN: 1451929099 Category : Business & Economics Languages : en Pages : 36
Book Description
This paper examines credibility and reputational factors in explaining the December 1994 crisis of the Mexican peso. After reviewing events leading to the crisis, a model emphasizing the inflation-competitiveness trade-off is presented to explain the formation of devaluation expectations. Estimation results indicate that investors appear to have seriously underestimated the risk of devaluation, despite early warning signals. The collapse of confidence that followed the December 20 devaluation may have been the result of a shift in the perceived commitment of the authorities to exchange rate stability.
Author: M. Ayhan Kose Publisher: World Bank Publications ISBN: 1464815453 Category : Business & Economics Languages : en Pages : 403
Book Description
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Author: National Intelligence Council Publisher: Cosimo Reports ISBN: 9781646794973 Category : Languages : en Pages : 158
Book Description
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
Author: George J. Borjas Publisher: University of Chicago Press ISBN: 0226066681 Category : Business & Economics Languages : en Pages : 349
Book Description
From debates on Capitol Hill to the popular media, Mexican immigrants are the subject of widespread controversy. By 2003, their growing numbers accounted for 28.3 percent of all foreign-born inhabitants of the United States. Mexican Immigration to the United States analyzes the astonishing economic impact of this historically unprecedented exodus. Why do Mexican immigrants gain citizenship and employment at a slower rate than non-Mexicans? Does their migration to the U.S. adversely affect the working conditions of lower-skilled workers already residing there? And how rapid is the intergenerational mobility among Mexican immigrant families? This authoritative volume provides a historical context for Mexican immigration to the U.S. and reports new findings on an immigrant influx whose size and character will force us to rethink economic policy for decades to come. Mexican Immigration to the United States will be necessary reading for anyone concerned about social conditions and economic opportunities in both countries.
Author: M. Angeles Villareal Publisher: DIANE Publishing ISBN: 1437941109 Category : History Languages : en Pages : 24
Book Description
This is a print on demand edition of a hard to find publication. Mexico and the U.S. have strong economic, political, and social ties, which have direct policy implications related to bilateral trade, economic competitiveness, migration, and border security. The global financial crisis that began in 2008 and the U.S. economic downturn had strong adverse effects on the Mexican economy. Contents of this report: (1) Intro.; (2) Overview of Mexico¿s Economy: Current Conditions; Ties to the U.S. Economy; Past Economic Policies and Reforms; Effects of the Global Financial Crisis; (3) Effect on Mexico¿s GDP Growth; Exports; Employment; Mfg.; Energy Sector; Foreign Direct Investment Declines; Fall in Remittances; (4) Structural and Other Economic Challenges; (5) Implications for the U.S. Illus.
Author: International Monetary Fund Publisher: International Monetary Fund ISBN: 1451821034 Category : Business & Economics Languages : en Pages : 125
Book Description
This paper reviews economic developments in Kenya during 1990–95. Real GDP growth decelerated from 4.3 percent in 1990 to close to zero in 1992/93. Inflation accelerated from 12 percent in the 12-month period ended December 1989 to 34 percent in March 1993. The central government’s budget deficit increased from 6.7 percent in 1989/90 to 11.4 percent of GDP in 1992/93. Broad money growth (M2) accelerated from 21 percent in the 12-month period ended December 1991 to 36 percent in March 1993.
Author: National Research Council Publisher: National Academies Press ISBN: 0309164818 Category : Social Science Languages : en Pages : 502
Book Description
Hispanics and the Future of America presents details of the complex story of a population that varies in many dimensions, including national origin, immigration status, and generation. The papers in this volume draw on a wide variety of data sources to describe the contours of this population, from the perspectives of history, demography, geography, education, family, employment, economic well-being, health, and political engagement. They provide a rich source of information for researchers, policy makers, and others who want to better understand the fast-growing and diverse population that we call "Hispanic." The current period is a critical one for getting a better understanding of how Hispanics are being shaped by the U.S. experience. This will, in turn, affect the United States and the contours of the Hispanic future remain uncertain. The uncertainties include such issues as whether Hispanics, especially immigrants, improve their educational attainment and fluency in English and thereby improve their economic position; whether growing numbers of foreign-born Hispanics become citizens and achieve empowerment at the ballot box and through elected office; whether impending health problems are successfully averted; and whether Hispanics' geographic dispersal accelerates their spatial and social integration. The papers in this volume provide invaluable information to explore these issues.
Author: Robert Cull Publisher: International Monetary Fund ISBN: 1475588127 Category : Business & Economics Languages : en Pages : 49
Book Description
This paper presents recent trends in bank ownership across countries and summarizes the evidence regarding the implications of bank ownership structure for bank performance and competition, financial stability, and access to finance. The evidence reviewed suggests that foreign-owned banks are more efficient than domestic banks in developing countries, promote competition in host banking sectors, and help stabilize credit when host countries face idiosyncratic shocks. But there are tradeoffs, since foreign-owned banks can transmit external shocks and might not always expand access to credit. The record on the impact of government bank ownership suggests few benefits, especially for developing countries.
Author: Mark Eric Williams Publisher: Rowman & Littlefield ISBN: 9780742511125 Category : Business & Economics Languages : en Pages : 294
Book Description
Taking Mexico as an example, Williams (political science, Middlebury College) considers the various successes and failures of market-based reforms in areas like privatization, deregulation, and environmental policy. He assesses policy initiatives under various administrations and compares Mexico's privatization efforts to those of Argentina. Three case studies are presented and the findings analyzed in a comparative framework. The role of coalitions in successful reforms is emphasized. c. Book News Inc.
Author: Mr.Paul R. Masson
Author: Mr.Paul R. Masson
Author: M. Ayhan Kose
Author: National Intelligence Council
Author: George J. Borjas
Author: M. Angeles Villareal
Author: International Monetary Fund
Author: National Research Council
Author: Robert Cull
Author: 
Author: Mark Eric Williams