1.

Record Nr.

UNINA9910808730503321

Titolo

Money, Crises, and Transition : Essays in Honor of Guillermo A. Calvo / / edited by Carmen M. Reinhart, Carlos A. Végh, Andrés Velasco

Pubbl/distr/stampa

Cambridge, Mass., : MIT Press, ©2008

ISBN

0-262-31005-8

0-262-28228-3

1-4356-7723-4

Descrizione fisica

1 online resource (513 p.)

Altri autori (Persone)

CalvoGuillermo A

ReinhartCarmen M

Végh GramontCarlos A. <1958->

VelascoAndrés

Disciplina

332/.042

Soggetti

Monetary policy

Foreign exchange rates

Financial crises

International finance

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

"Publications of Guillermo A. Calvo": p. [463]-469.

Includes bibliographical references and index.

Nota di contenuto

Contents; Contributors; Acknowledgments; Introduction; I Monetary and Exchange Rate Policy in Theory; 1 Pricing-to-Market, the Interest-Rate Rule, and the Exchange Rate; 2 Optimal Exchange Rate Regimes: Turning Mundell-Fleming's Dictum on Its Head; 3 Monetary Policy Rules, the Fiscal Theory of the Price Level, and (Almost) All that Jazz: In Quest of Simplicity; II Monetary and Exchange Rate Policy in Practice; 4 Can Inflation Targeting Working Emerging Market Countries?; 5 Why Should Emerging Economies Give up National Currencies? A Case for ''Institutions Substitution''

6 Hard Currency Pegs and Economic Performance III Financial Crises; 7 Asset Prices and Self-Fulfilling Macroeconomic Pessimism; 8 The Center and the Periphery: The Globalization of Financial Turmoil; 9 Why Do Some Countries Recover More Readily from Financial Crises?; IV Debt, Taxation, and Reforms; 10 Government Debt: A Key Rolein



Financial Intermediation; 11 Capital Income Taxation in the Globalized World; 12 Can Public Discussion Enhance Program ''Ownership''?; V Transition and Growth; 13 Sources and Obstacles for Growth in Transition Countries: The Role of Credit

14 Growth in Transition Economies: Domestic Policies, External Assistance, and Institution Building15 Growth Collapses; VI The Man Behind the Mind; 16 The Columbia Years; 17 The Practitioner; 18 In His Own Words: AnInterview with Guillermo Calvo; Publications of Guillermo A.Calvo; Index

Sommario/riassunto

Essays by prominent scholars and policymakers honor one of the most influential macroeconomists of the last thirty years discussing the themes behind his work.