Now showing items 1-10 of 58
Indexes of structural reform in Latin America
Abstract This paper is an attempt to quantify the process of structural reform in Latin America in five areas: trade reform, financial liberalization, tax reform, liberalization of external capital transactions and privatization. It presents indexes for these five areas for 17 countries for the period 1970-1995. The resulting indexes permit one to ...
Developing countries' anti-cyclical policies in a globalized world
Introduction The volatility and contagion characteristic of international financial markets, which dominated emerging economies during the 1990s, have deep historical roots.1 Indeed, from the mid-1970s to the end of the 1980s, Latin America and many other regions in the developing world experienced a long boom-bust cycle, the most severe of its kind ...
Financial crisis and national policy issues: an overview
Abstract In this overview we analyse, first, why funds continued to flow towards emerging economies, while fundamentals in host countries had been deteriorating before the Asian crisis (a rising external deficit, with a significant liquid component; appreciating exchange rates; low capital formation, particularly in Latin America), and why funding ...
International asymmetries and the design of the International Financial System
Abstract This paper argues that the design of the international financial system should take into consideration three different problems that the current system faces: financial market instability; basic macroeconomic and financial asymmetries that characterize the international economy; and the additional problems generated by the incomplete ...
Asymmetries and cooperation in the Free Trade Area of the Americas
Abstract The prospective Free Trade Agreement of the Americas seeks to link the countries of Latin America and the Caribbean (with the exception of Cuba); with Canada and the United States, thereby forming the largest free trade area in the world. Given the huge asymmetries in the size and level of development of participating countries, the major ...
Macroeconomic coordination in Latin America: does it have a future?
For most developing countries, open regionalism has emerged as quite a sensible response to the undergoing turbulent and asymmetric process of economic globalization. Moreover, the successful experience of the countries which are now part of the European Union, has made regional integration an increasingly attractive option for the developing ...
Economic activity 1985 in Caribbean countries
Analiza las tendencias de la economia de los paises del Caribe, el desarrollo en los principales sectores, y su impacto en la balanza de pagos, precios, empleo y salarios, y politica monetaria y fiscal.
How optimal are the extremes?: Latin American exchange rate policies during the Asian crisis
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 ...
Development of the mining resources of Latin America
Presenta un análisis de las tendencias de la actividad minera en América Latina prevalecientes en el año 1984, los efectos de la crisis mundial en dichas tendencias, las posibilidades de futuro desarrollo de los recursos mineros de la región y planteamientos generales que coadyuven a elaborar políticas óptimas para el desarrollo de dichos recursos.