Straining at the anchor [[electronic resource] ] : the Argentine Currency Board and the search for macroeconomic stability, 1880-1935 / / Gerardo della Paolera and Alan M. Taylor

• Record Nr.: UNINA9910458395203321
• Autore: Della Paolera Gerardo <1959->
• Pubbl/distr/stampa: Chicago, : University of Chicago Press, 2001
• ISBN: 1-281-22390-5; 9786611223908; 0-226-64558-4
• Descrizione fisica: 1 online resource (296 p.)
• Collana: NBER series on long-term factors in economic development
• Altri autori (Persone): TaylorAlan M. <1964->
• Disciplina: 339.5/3/0982; 339.50982
• Soggetti: Currency boards - Argentina - History; Currency question - Argentina - History; Monetary policy - Argentina - History; Electronic books.
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Note generali: Description based upon print version of record.
• Nota di bibliografia: Includes bibliographical references (p. 257-265) and indexes.
• Nota di contenuto: Front matter -- National Bureau of Economic Research -- Relation of the Directors to the Work and Publications of the National Bureau of Economic Research -- Contents -- List of Tables -- List of Figures -- List of Cartoons -- A Note on the Cover -- Acknowledgments -- 1. Introduction -- 2. Anchors Aweigh: The Drift toward Crisis in the 1880's -- 3. A Monetary and Financial Wreck: The Baring Crisis, 1890-91 -- 4. Collision Course: Macroeconomic Policies and the Crash -- 5. Relaunching the Gold Standard: From Monetary "Anemia'' to "Plethora'' and the Political Economy of Resumption, 1891-99 -- 6. Calm Before a Storm: The Gold Standard During the Belle Époque, 1899-1914 -- 7. Distress Signals: Financial Fragility in the Interwar Period -- 8. Bailing Out: Internal versus External Convertibility -- 9. Steering through the Great Depression: Institutions, Expectations, and the Change of Macroeconomic Regime -- 10. Postscript -- Appendix 1. Historical Statistics -- Appendix 2. The Law of National Guaranteed Banks -- Appendix 3. Money Supply Periodization, 1884-1913 -- Appendix 4. ; Money and Exchange Rates, 1884-1913 -- Appendix 5. Instituto Movilizador de Inversiones Bancarias -- Appendix 6. Humor, Politics, and the Economy -- References -- Name Index -- Subject Index
• Sommario/riassunto: The "Argentine disappointment"-why Argentina persistently failed to achieve sustained economic stability during the twentieth century-is an issue that has mystified scholars for decades. In Straining the Anchor, Gerardo della Paolera and Alan M. Taylor provide many of the missing links that help explain this important historical episode. Written chronologically, this book follows the various fluctuations of the Argentine economy from its post-revolutionary volatility to a period of unprecedented prosperity to a dramatic decline from which the country has never fully recovered. The authors examine in depth the solutions that Argentina has tried to implement such as the Caja de Conversión, the nation's first currency board which favored a strict gold-standard monetary regime, the forerunner of the convertibility plan the nation has recently adopted. With many countries now using-or seriously contemplating-monetary arrangements similar to Argentina's, this important and persuasive study maps out one of history's most interesting monetary experiments to show what works and what doesn't.

A solution to the ecological inference problem : reconstructing individual behavior from aggregate data / / Gary King

• Record Nr.: UNINA9910824890503321
• Autore: King Gary <1958->
• Pubbl/distr/stampa: Princeton, N.J. : , : Princeton University Press, , [1997]; ©1997
• ISBN: 0-691-01241-5; 1-4008-4920-9
• Edizione: [Course Book]
• Descrizione fisica: 1 online resource (xxii, 342 pages) : illustrations
• Disciplina: 320/.072
• Soggetti: Political statistics; Inference
• Lingua di pubblicazione: Inglese
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Nota di bibliografia: Includes bibliographical references and index.
• Nota di contenuto: part I. Introduction -- part II. Catalog of problems to fix -- part III. The proposed solution -- part IV. Verification -- part V. Generalizations and concluding suggestions -- part VI. Appendices.
• Sommario/riassunto: This book provides a solution to the ecological inference problem, which has plagued users of statistical methods for over seventy-five years: How can researchers reliably infer individual-level behavior from aggregate (ecological) data? In political science, this question arises when individual-level surveys are unavailable (for instance, local or comparative electoral politics), unreliable (racial politics), insufficient (political geography), or infeasible (political history). This ecological inference problem also confronts researchers in numerous areas of major significance in public policy, and other academic disciplines, ranging from epidemiology and marketing to sociology and quantitative history. Although many have attempted to make such cross-level inferences, scholars agree that all existing methods yield very inaccurate conclusions about the world. In this volume, Gary King lays out a unique--and reliable--solution to this venerable problem. King begins with a qualitative overview, readable even by those without a statistical background. He then unifies the apparently diverse findings in the methodological literature, so that only one aggregation problem ; remains to be solved. He then presents his solution, as well as empirical evaluations of the solution that include over 16,000 comparisons of his estimates from real aggregate data to the known individual-level answer. The method works in practice. King's solution to the ecological inference problem will enable empirical researchers to investigate substantive questions that have heretofore proved unanswerable, and move forward fields of inquiry in which progress has been stifled by this problem.