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dc.contributor.authorFfrench-Davis, Ricardo
dc.contributor.authorLarraín, Guillermo
dc.date.accessioned2014-01-02T16:52:02Z
dc.date.available2014-01-02T16:52:02Z
dc.date.issued2003-03
dc.identifier.isbn9211213975
dc.identifier.urihttp://hdl.handle.net/11362/7801
dc.descriptionIncludes bibliography
dc.description.abstractAbstract 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.
dc.format.extent34 páginas.
dc.language.isoen
dc.publisherECLAC
dc.relation.ispartofseriesSerie Informes y Estudios Especiales
dc.titleHow optimal are the extremes?: Latin American exchange rate policies during the Asian crisis
dc.typeTexto
dc.contributor.entityNU. CEPAL
dc.contributor.entityUNU. World Institute for Development Economics Research
dc.projectProject on Capital Flows to Emerging Markets since the Asian Crisis
dc.publicationstatusDisponible
dc.regionalofficeSantiago
dc.physicaldescription34 p. : diagrs., tabls.
dc.jobnumberS0212088 E
dc.salenumber03.II.G.29
dc.callnumberINT UN/EC 93(10/2003)
dc.callnumberLC/L.1824-P
dc.identifier.unsymbolLC/L.1824-P
dc.placeofeditionSantiago
dc.relation.ispartofseriesno10
dc.subject.spanishPOLITICA MONETARIA
dc.subject.spanishTIPOS DE CAMBIO
dc.subject.spanishSISTEMAS MONETARIOS
dc.subject.spanishRECURSOS FINANCIEROS
dc.subject.englishFOREIGN EXCHANGE RATES
dc.subject.englishMONETARY POLICY
dc.subject.englishMONETARY SYSTEMS
dc.subject.englishFINANCIAL RESOURCES
dc.coverage.spatialspaARGENTINA
dc.coverage.spatialspaCHILE
dc.coverage.spatialspaMEXICO
dc.coverage.spatialengARGENTINA
dc.coverage.spatialengCHILE
dc.coverage.spatialengMEXICO
dc.type.biblevelDocumento Completo
dc.doctypeSeries
dc.topic.spanishSECTOR FINANCIERO Y MONETARIO
dc.topic.spanishINFLACIÓN
dc.topic.englishFINANCIAL AND MONETARY SECTOR
dc.topic.englishINFLATION
dc.idsade12217
dc.workarea.spanishDESARROLLO ECONÓMICO
dc.workarea.spanishESTADÍSTICAS
dc.workarea.englishECONOMIC DEVELOPMENT
dc.workarea.englishSTATISTICS
cepal.physicaldescriptiondiagramas, tablas


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