How optimal are the extremes?: Latin American exchange rate policies during the Asian crisis

Includes bibliography

Guardado en:

Detalles Bibliográficos
Autores principales:	Ffrench-Davis, Ricardo, Larraín, Guillermo
Otros Autores:	NU. CEPAL
Formato:	Texto
Lenguaje:	English
Publicado:	ECLAC 2014
Materias:	POLITICA MONETARIA TIPOS DE CAMBIO SISTEMAS MONETARIOS RECURSOS FINANCIEROS FOREIGN EXCHANGE RATES MONETARY POLICY MONETARY SYSTEMS FINANCIAL RESOURCES
Acceso en línea:	http://hdl.handle.net/11362/7801
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai-11362-7801
record_format	dspace
spelling	oai-11362-78012020-03-04T19:57:23Z How optimal are the extremes?: Latin American exchange rate policies during the Asian crisis Ffrench-Davis, Ricardo Larraín, Guillermo NU. CEPAL UNU. World Institute for Development Economics Research POLITICA MONETARIA TIPOS DE CAMBIO SISTEMAS MONETARIOS RECURSOS FINANCIEROS FOREIGN EXCHANGE RATES MONETARY POLICY MONETARY SYSTEMS FINANCIAL RESOURCES Includes bibliography Abstract During the Asian crisis, intermediate exchange rate regimes vanished. It has been argued that those regimes were no longer useful and only the extremes remained valid. The paper analyses three foreign exchange regimes: Argentina (pegged), Chile (band) and Mexico (float). The Argentinean currency board delivered low financial volatility while it was credible, but even then it displayed high real volatility. Mexican float performed well in periods of instability isolating the real sector. The Chilean band delivered a mixed outcome as compared to Argentina and Mexico. This is linked apparently to a loss in bands credibility, associated to policy mismanagement and an over-appreciation in the biennium before the crisis. Optimal exchange rate regimes vary across time and the conjuncture. Exit strategies are part of the election of the optimal system, including a flexible policy package rather than a single rigid policy tool. 2014-01-02T16:52:02Z 2014-01-02T16:52:02Z 2003-03 Texto Documento Completo 9211213975 http://hdl.handle.net/11362/7801 LC/L.1824-P en Serie Informes y Estudios Especiales 10 application/pdf ARGENTINA CHILE MEXICO ARGENTINA CHILE MEXICO ECLAC
institution	Cepal
collection	Cepal
language	English
topic	POLITICA MONETARIA TIPOS DE CAMBIO SISTEMAS MONETARIOS RECURSOS FINANCIEROS FOREIGN EXCHANGE RATES MONETARY POLICY MONETARY SYSTEMS FINANCIAL RESOURCES
spellingShingle	POLITICA MONETARIA TIPOS DE CAMBIO SISTEMAS MONETARIOS RECURSOS FINANCIEROS FOREIGN EXCHANGE RATES MONETARY POLICY MONETARY SYSTEMS FINANCIAL RESOURCES Ffrench-Davis, Ricardo Larraín, Guillermo How optimal are the extremes?: Latin American exchange rate policies during the Asian crisis
description	Includes bibliography
author2	NU. CEPAL
author_facet	NU. CEPAL Ffrench-Davis, Ricardo Larraín, Guillermo
format	Texto
author	Ffrench-Davis, Ricardo Larraín, Guillermo
author_sort	Ffrench-Davis, Ricardo
title	How optimal are the extremes?: Latin American exchange rate policies during the Asian crisis
title_short	How optimal are the extremes?: Latin American exchange rate policies during the Asian crisis
title_full	How optimal are the extremes?: Latin American exchange rate policies during the Asian crisis
title_fullStr	How optimal are the extremes?: Latin American exchange rate policies during the Asian crisis
title_full_unstemmed	How optimal are the extremes?: Latin American exchange rate policies during the Asian crisis
title_sort	how optimal are the extremes?: latin american exchange rate policies during the asian crisis
publisher	ECLAC
publishDate	2014
url	http://hdl.handle.net/11362/7801
work_keys_str_mv	AT ffrenchdavisricardo howoptimalaretheextremeslatinamericanexchangeratepoliciesduringtheasiancrisis AT larrainguillermo howoptimalaretheextremeslatinamericanexchangeratepoliciesduringtheasiancrisis
_version_	1718434162627575808

How optimal are the extremes?: Latin American exchange rate policies during the Asian crisis

Ejemplares similares