000 03714nam a22004575i 4500
001 978-3-540-28201-3
003 DE-He213
005 20161121230900.0
007 cr nn 008mamaa
008 100301s2005 gw | s |||| 0|eng d
020 _a9783540282013
_9978-3-540-28201-3
024 7 _a10.1007/3-540-28201-7
_2doi
050 4 _aHB172.5
072 7 _aKCB
_2bicssc
072 7 _aKCBM
_2bicssc
072 7 _aBUS039000
_2bisacsh
072 7 _aBUS045000
_2bisacsh
082 0 4 _a339
_223
245 1 0 _aMonetary Policy and Macroeconomic Stabilization in Latin America
_h[electronic resource] /
_cedited by Rolf J. Langhammer, Lúcio Vinhas de Souza.
264 1 _aBerlin, Heidelberg :
_bSpringer Berlin Heidelberg,
_c2005.
300 _aX, 256 p.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
505 0 _aReducing Inflation through Inflation Targeting: The Mexican Experience -- Comment on Manuel Ramos-Francia and Alberto Torres -- How Has NAFTA Affected the Mexican Economy? Review and Evidence -- Comment on M.A. Kose, G.M. Meredith, and C.M. Towe -- Argentina: Monetary Policy by Default -- Comment on George T. McCandless -- Do Exchange Rates Matter in Inflation Targeting Regimes? Evidence from a VAR Analysis for Poland and Chile -- Comment on Felix Hammermann -- Argentina and Brazil Risk: A “Eurocentric” Tale -- Comment on Jorge Braga de Macedo and Martin Grandes -- Macroeconomic Shocks, Inflation, and Latin America’s Labor Market -- Comment on Ana Maria Loboguerrero and Ugo Panizza -- Monetary Policy Rules in Emerging Market Economies: Issues and Evidence -- Comment on M.S. Mohanty and Marc Klau.
520 _aLatin America is a very important region of the globe, which has been buffeted by successive waves of economic instability within the last decades. These waves have caused several episodes of hyperinflation or near hyperinflation, and several currency and financial crises, which, in certain moments, have even spilled over and affected other emerging markets. This has resulted in huge costs in terms of lost potential growth, and, as is inevitable, the markets most affected by this have been the least capable of defending themselves. In a region plagued by still considerable rates of social exclusion, with some of the highest rates of income concentration in the whole globe, the human costs of these crises have been very substantial. Starting in the early 1990s, the slow implementation of reforms, plus the resumption of more sustained growth—to a substantial degree linked to the increase in commodity prices, especially since the early 2000s—seems to have resulted in a more stable situation. Initially, in early reformers like Chile, later in the larger economies of the region, like Brazil and Mexico, a consensus— embraced by both sides of the political spectrum—towards integration in global markets, both in their trade and financial components, floating exchange rates, independent monetary authorities, and sustainable fiscal policies has emerged.
650 0 _aMacroeconomics.
650 0 _aInternational economics.
650 1 4 _aEconomics.
650 2 4 _aMacroeconomics/Monetary Economics//Financial Economics.
650 2 4 _aInternational Economics.
700 1 _aLanghammer, Rolf J.
_eeditor.
700 1 _aSouza, Lúcio Vinhas de.
_eeditor.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9783540255833
856 4 0 _uhttp://dx.doi.org/10.1007/3-540-28201-7
912 _aZDB-2-SBE
950 _aBusiness and Economics (Springer-11643)
999 _c505348
_d505348