Andean exchange-rate regimes, 1994-2003: a brief for "stable but flexible" regimes
Includes bibliography
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2014
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oai-11362-54012020-03-04T19:57:23Z Andean exchange-rate regimes, 1994-2003: a brief for "stable but flexible" regimes Beckerman, Paul NU. CEPAL. División de Desarrollo Económico CRECIMIENTO ECONOMICO ESTABILIZACION ECONOMICA POLITICA MONETARIA TIPOS DE CAMBIO SISTEMAS MONETARIOS RECURSOS FINANCIEROS ECONOMIC GROWTH ECONOMIC STABILIZATION FOREIGN EXCHANGE RATES MONETARY POLICY MONETARY SYSTEMS FINANCIAL RESOURCES Includes bibliography Recent analytical work has focused on exchange-rate regimes" and their general and specific consequences for growth and stability. Although significant progress has been made in formulating taxonomies of regimes, general consensus on which regimes are likely to prove optimal for given economies has proven elusive. In recent years, the five Andean economies have adapted a variety of exchange-rate regimes. Their experience appears to support the view that the most convenient exchange-rate regimes are those that afford policymakers sufficient freedom of maneuver to adjust their policies in response to evolving emphases on stability and growth objectives. That is, "intermediate", relatively flexible, regimes seem generally preferable to "polar" regimes that leave no scope for policy intervention. Bolivia and Peru, and more recently Colombia, have been able to secure a high degree of price-level and exchange-rate stability through disciplined monetary policy and exchange-rate management under flexible regimes. In Ecuador, dollarization has brought about price stability but aggravated competitiveness problems. Venezuela has had to adjust its fixed exchange rate repeatedly, although clearly this economy's difficulties go far beyond its exchange-rate regime. The different economies' different exchange-rate regimes have led to haphazard consequences for their bilateral trade relationships, and this appears to have significantly affected interregional trade." 2014-01-02T16:11:53Z 2014-01-02T16:11:53Z 2005-02 Texto Documento Completo 9211215293 http://hdl.handle.net/11362/5401 LC/L.2237-P en Serie Macroeconomía del Desarrollo 34 application/pdf BOLIVIA (ESTADO PLURINACIONAL DE) COLOMBIA ECUADOR PERU REGION ANDINA VENEZUELA (REPUBLICA BOLIVARIANA DE) ANDEAN REGION BOLIVIA (PLURINATIONAL STATE OF) COLOMBIA ECUADOR PERU VENEZUELA (BOLIVARIAN REPUBLIC OF) ECLAC |
| institution |
Cepal |
| collection |
Cepal |
| language |
English |
| topic |
CRECIMIENTO ECONOMICO ESTABILIZACION ECONOMICA POLITICA MONETARIA TIPOS DE CAMBIO SISTEMAS MONETARIOS RECURSOS FINANCIEROS ECONOMIC GROWTH ECONOMIC STABILIZATION FOREIGN EXCHANGE RATES MONETARY POLICY MONETARY SYSTEMS FINANCIAL RESOURCES |
| spellingShingle |
CRECIMIENTO ECONOMICO ESTABILIZACION ECONOMICA POLITICA MONETARIA TIPOS DE CAMBIO SISTEMAS MONETARIOS RECURSOS FINANCIEROS ECONOMIC GROWTH ECONOMIC STABILIZATION FOREIGN EXCHANGE RATES MONETARY POLICY MONETARY SYSTEMS FINANCIAL RESOURCES Beckerman, Paul Andean exchange-rate regimes, 1994-2003: a brief for "stable but flexible" regimes |
| description |
Includes bibliography |
| author2 |
NU. CEPAL. División de Desarrollo Económico |
| author_facet |
NU. CEPAL. División de Desarrollo Económico Beckerman, Paul |
| format |
Texto |
| author |
Beckerman, Paul |
| author_sort |
Beckerman, Paul |
| title |
Andean exchange-rate regimes, 1994-2003: a brief for "stable but flexible" regimes |
| title_short |
Andean exchange-rate regimes, 1994-2003: a brief for "stable but flexible" regimes |
| title_full |
Andean exchange-rate regimes, 1994-2003: a brief for "stable but flexible" regimes |
| title_fullStr |
Andean exchange-rate regimes, 1994-2003: a brief for "stable but flexible" regimes |
| title_full_unstemmed |
Andean exchange-rate regimes, 1994-2003: a brief for "stable but flexible" regimes |
| title_sort |
andean exchange-rate regimes, 1994-2003: a brief for "stable but flexible" regimes |
| publisher |
ECLAC |
| publishDate |
2014 |
| url |
http://hdl.handle.net/11362/5401 |
| work_keys_str_mv |
AT beckermanpaul andeanexchangerateregimes19942003abriefforstablebutflexibleregimes |
| _version_ |
1718441496151064576 |