Impact of the Exchange Rate Regime on Central American Economies

 

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  • Product Description
 

The debate about the choice of exchange rate regimes for developing countries has occupied a central stage in macroeconomic policy since the creation of the Bretton-Woods system back in 1944. Most importantly, the increased unofficial dollarization in Central America has determined the preference of exchange regimes by the regional monetary authorities. Since the regulation of monetary and financial markets in Central America, countries of the region have been impacted by a dramatic economic and financial crisis, which has been translated into long periods of inflation and sluggish growth of aggregate demand. In this context, governments have been motivated to migrate from flexible regimes towards a fixed regime (in some cases, hard peg). The argument is that this shift might led to enhance macroeconomic stability and reduced inflationary pressures.

Product Specifications
SKU :COC59105
AuthorGhislain Moncharmont and Melvin José Ferraro
LanguageEnglish
BindingPaperback
Number of Pages172
Publishing Year13.03.2014
ISBN9783659118258
Edition1 st
Book TypeInternational economics
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-08-05 00:00:00
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