Currency substitution and liberalization: the case of Argentina
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Aldershot
Gower
1986
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Teilw. zugl.: Urbana-Campaign, Univ. of Illinois, Diss., 1984 |
| Physical Description: | XI, 194 S. graph. Darst. |
| ISBN: | 0566052342 |
Staff View
MARC
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Record in the Search Index
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| adam_text |
Currency Substitution and
Liberalization
The Case of Argentina
UGO FASANO-FILHO
Economist, Developing Countries Department,
Kiel Institute of World Economics
Gower
Contents
LIST OF TABLES viii
LIST OF FIGURES xii
PREFACE xiii
CHAPTER
1 ARGENTINA: A CASE STUDY OF CURRENCY SUB
STITUTION 1
1 1 Introduction 1
1 2 Outline of the Study 2
1 3 Brief Background on the the Argentine Economy 3
Notes 9
2 CURRENCY SUBSTITUTION: SOME MAJOR ISSUES 10
2 1 Introduction 10
2 2 The Issues 11
221 Monetary Policy 11
222 The Demand for Money 12
223 Exchange Rate Determination 14
224 Bond Substitution and Currency Substitution 16
225 Stabilization Policy in the Presence of Cur
rency Substitution ^ ?
2 3 Currency Substitution in High-Inflation Developing
Countries 18
Notes 24
3 THE EXCHANGE RATE POLICY AND THE DEMAND
FOR MONEY IN ARGENTINA, 1959-76 26
3 1 Introduction 2 6
3 2 Exchange Rate Policies 26
vi
321 January 1959-March 1964 27
322 April 1964-February 1967 31
323 March 1967-March 1971 33
324 1971-1976 34
3 3 Studies of the Demand for Money for Argentina 38
3 4 The Demand for Money in the Presence of Currency
Substitution 40
3 5 The Econometric Results 42
Appendix for Chapter 3 - Argentina: Presidents
and Economic Ministers, 1958-1980 47
Notes 48
4 THE ORTHODOX AND UNORTHODOX POLICIES OF
MARTINEZ DE HOZ'S ECONOMIC PROGRAM 49
4 1 Introduction 49
4 2 The Martinez de Hoz's Economic Program and its
Phases 51
4 3 The First Phase: April 1976-December 1978 52
431 Objectives and Instruments 52
432 The Exchange Rate Policy 54
433 The Financial Reform 55
434 The Role of the Government 59
435 The External Sector 60
436 The Industrial Sector 60
437 The Outcome of the First Phase 62
4 4 The Second Phase: January 1979-March 1981 63
441 Why a New Approach? 63
442 Global Monetarism Approach: Key Assumptions 66
4421 The Monetarist Approach to the Bal
ance of Payments in the Presence
of Currency Substitution 69
443 The Results of the 1979-1980 Program 71
4431 Stabilization Objectives 71
4432 Structural Changes 75
Notes 79
5 WHY DID THE STABILIZATION-LIBERALIZATION
PROGRAM FAIL? 82
5 1 Introduction 82
5 2 The Model 87
vii
5 3 The Econometric Results 92
5 4 The Order of Economic Liberalization 96
541 An Overview 97
542A Further Insight 98
Appendix for Chapter 5 - The Influence of the
Argentine Peso Expected Devaluation Rate on
US Dollar Deposits in Uruguay, 11-1977/11-1981 102
Notes 104
6 THE SOUTHERN CONE LIBERALIZATION EXPER
IENCE: A COMPARISON OF MACROECONOMIC
EVENTS, 1976-81 106
6 1 Introduction 106
6 2 The First Relationship 108
6 3 The Second and Third Relationships 112
6 4 Conclusion 118
Notes 120
STATISTICAL APPENDIX I 121
STATISTICAL APPENDIX II 163
REFERENCES 184 |
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| spelling | Fasano-Filho, Ugo Verfasser aut Currency substitution and liberalization the case of Argentina Ugo Fasano-Filho Aldershot Gower 1986 XI, 194 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Teilw. zugl.: Urbana-Campaign, Univ. of Illinois, Diss., 1984 Geschichte 1958-1981 gnd rswk-swf Geschichte 1959-1981 gnd rswk-swf Cambio de moneda, Problema del - Argentina Política monetaria - Argentina Currency substitution Argentina Wirtschaft (DE-588)4066399-1 gnd rswk-swf Währungssubstitution (DE-588)4249325-0 gnd rswk-swf Liberalisierung (DE-588)4120670-8 gnd rswk-swf Geldpolitik (DE-588)4019902-2 gnd rswk-swf Währungspolitik (DE-588)4064152-1 gnd rswk-swf Argentina - Política económica Argentinien Argentinien (DE-588)4002890-2 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Argentinien (DE-588)4002890-2 g Währungssubstitution (DE-588)4249325-0 s Liberalisierung (DE-588)4120670-8 s Wirtschaft (DE-588)4066399-1 s Geschichte 1958-1981 z DE-604 Geldpolitik (DE-588)4019902-2 s Währungspolitik (DE-588)4064152-1 s Geschichte 1959-1981 z HEBIS Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=000392389&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Fasano-Filho, Ugo Currency substitution and liberalization the case of Argentina Cambio de moneda, Problema del - Argentina Política monetaria - Argentina Currency substitution Argentina Wirtschaft (DE-588)4066399-1 gnd Währungssubstitution (DE-588)4249325-0 gnd Liberalisierung (DE-588)4120670-8 gnd Geldpolitik (DE-588)4019902-2 gnd Währungspolitik (DE-588)4064152-1 gnd |
| subject_GND | (DE-588)4066399-1 (DE-588)4249325-0 (DE-588)4120670-8 (DE-588)4019902-2 (DE-588)4064152-1 (DE-588)4002890-2 (DE-588)4113937-9 |
| title | Currency substitution and liberalization the case of Argentina |
| title_auth | Currency substitution and liberalization the case of Argentina |
| title_exact_search | Currency substitution and liberalization the case of Argentina |
| title_full | Currency substitution and liberalization the case of Argentina Ugo Fasano-Filho |
| title_fullStr | Currency substitution and liberalization the case of Argentina Ugo Fasano-Filho |
| title_full_unstemmed | Currency substitution and liberalization the case of Argentina Ugo Fasano-Filho |
| title_short | Currency substitution and liberalization |
| title_sort | currency substitution and liberalization the case of argentina |
| title_sub | the case of Argentina |
| topic | Cambio de moneda, Problema del - Argentina Política monetaria - Argentina Currency substitution Argentina Wirtschaft (DE-588)4066399-1 gnd Währungssubstitution (DE-588)4249325-0 gnd Liberalisierung (DE-588)4120670-8 gnd Geldpolitik (DE-588)4019902-2 gnd Währungspolitik (DE-588)4064152-1 gnd |
| topic_facet | Cambio de moneda, Problema del - Argentina Política monetaria - Argentina Currency substitution Argentina Wirtschaft Währungssubstitution Liberalisierung Geldpolitik Währungspolitik Argentina - Política económica Argentinien Hochschulschrift |
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