CURRENCY CONUNDRUM
Tema(s): En: Financial Times 23 oct. 1998, p. 16Resumen: Can Brazil, and the rest of Latin America, prevent further speculative attacks on their currencies? Since the last onslaught, in August and September, governments in the region have been desperately trying to buttress their economies against international speculators. The question is how best to achieve this. Although no one is proposing a return to old-fashioned capital controls and trade barriers, the crisis has revived a long-standing debate on which exchange rate regime best protects an economy from the forces of international market volatility. Economists are beginning to realise that there is no single prescription. A formula that works well in developed economies may not necessarily be applicable to developing countries.Tipo de ítem | Biblioteca actual | Signatura | Info Vol | Estado | Fecha de vencimiento | Código de barras | |
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Analítica de Seriada | BIBLIOTECA ECONÓMICA BCE - QUITO | RESUM-017040 (Navegar estantería(Abre debajo)) | Financial Times. 23 oct. 1998, p. 16 | Disponible |
Can Brazil, and the rest of Latin America, prevent further speculative attacks on their currencies? Since the last onslaught, in August and September, governments in the region have been desperately trying to buttress their economies against international speculators. The question is how best to achieve this. Although no one is proposing a return to old-fashioned capital controls and trade barriers, the crisis has revived a long-standing debate on which exchange rate regime best protects an economy from the forces of international market volatility. Economists are beginning to realise that there is no single prescription. A formula that works well in developed economies may not necessarily be applicable to developing countries.
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