LEADER 05741nam 2200709 a 450 001 9910971391503321 005 20240506193719.0 010 $a9786612584756 010 $a9781282584754 010 $a1282584758 010 $a9780226302683 010 $a0226302687 024 7 $a10.7208/9780226302683 035 $a(CKB)2670000000019419 035 $a(EBL)534557 035 $a(OCoLC)635292108 035 $a(SSID)ssj0000421798 035 $a(PQKBManifestationID)11261650 035 $a(PQKBTitleCode)TC0000421798 035 $a(PQKBWorkID)10416919 035 $a(PQKB)11642171 035 $a(StDuBDS)EDZ0000115666 035 $a(MiAaPQ)EBC534557 035 $a(DE-B1597)524957 035 $a(OCoLC)1135576799 035 $a(DE-B1597)9780226302683 035 $a(Au-PeEL)EBL534557 035 $a(CaPaEBR)ebr10389579 035 $a(CaONFJC)MIL258475 035 $a(Perlego)1851628 035 $a(EXLCZ)992670000000019419 100 $a20020808d2003 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 00$aLatin American macroeconomic reforms $ethe second stage /$fedited by Jose? Antonio Gonza?lez ... [et al.] 205 $a1st ed. 210 $aChicago $cUniversity of Chicago Press$dc2003 215 $a1 online resource (458 p.) 300 $aPapers prepared for a conference held by Stanford University's Center for Research on Economic Development and Policy Reform in Nov. 2000. 311 08$a9780226302676 311 08$a0226302679 320 $aIncludes bibliographical references and indexes. 327 $tFrontmatter -- $tContents -- $tForeword -- $tAcknowledgments -- $tIntroduction -- $t1. Inflation Targeting -- $t2. Exchange Rate Pass-Through and Partial Dollarization -- $t3. Very High Interest Rates and the Cousin Risks -- $tEpilogue to Part I: Circumstances and Institutions -- $t4. The China Syndrome or the Tequila Crisis -- $t5. International Liquidity Management Problems in Modern Latin America -- $t6. Trade Liberalization and Financial Crisis -- $t7. Banks, Financial Markets, and Industrial Development -- $t8. Toward a Liquidity Risk Management Strategy for Emerging Market Economies -- $t9. Taxation Reform in Latin America in the Last Decade -- $t10. Taxing for Equity -- $t11. Tax Reform in Brazil -- $tContributors -- $tAuthor Index -- $tSubject Index 330 $aHidden behind a number of economic crises in the mid- to late 1990s-including Argentina's headline-grabbing monetary and political upheaval-is that fact that Latin American economies have, generally speaking, improved dramatically in recent years. Their success has been due, in large part, to macroeconomic reforms, and this book brings together prominent economists and policymakers to assess a decade of such policy shifts, highlighting both the many success stories and the areas in which further work is needed. Contributors offer both case studies of individual countries and regional overviews, covering monetary, financial, and fiscal policy. Contributors also work to identify future concerns and erect clear signposts for future reforms. For instance, now that inflation rates have been stabilized, one suggested "second stage" monetary reform would be to focus on reducing rates from high to low single digits. Financial sector reforms, it is suggested, should center on improving regulation and supervision. And, contributors argue, since fiscal stability has already been achieved in most countries, new fiscal reforms need to concentrate on institutionalizing fiscal discipline, improving the efficiency and equity of tax collection, and modifying institutional arrangements to deal with increasingly decentralized federal systems. The analysis and commentary in this volume-authored not only by academic observers but by key Latin American policymakers with decades of firsthand experience-will prove important to anyone with an interest in the future of Latin American's continuing economic development and reform. Contributors to this volume: José Antonio González, Stanford University Anne O. Krueger, International Monetary Fund Vittorio Corbo, Pontifical Catholic University, Chile Klaus Schmidt-Hebbel, Central Bank of Chile Alejandro Werner, Bank of Mexico Márcio G. P. Garcia, Pontifical Catholic University, Rio Tatiana Didier, World Bank Gustavo H. B. Franco, former president, Central Bank of Brazil Francisco Gil Díaz, Minister of the Treasury, Mexico Roberto Zahler, former governor, Central Bank of Chile Ricardo J. Caballero, Massachusetts Institute of Technology Philip L. Brock, University of Washington Stephen Haber, Stanford University Pablo E. Guidotti, Universidad Torcuato Di Tella, Buenos Aires Vito Tanzi, International Monetary Fund Enrique Dávila, Ministry of Finance, Mexico Santiago Levy, Mexican Social Security Institute Ricardo Fenochietto, private consultant, Buenos Aires Rogério L. F. Werneck, Pontifical Catholic University, Rio Carola Pessino, Universidad Torcuato di Tella, Buenos Aires Michael Michaely, Hebrew University of Jerusalem 606 $aMonetary policy$zLatin America$vCongresses 606 $aFiscal policy$zLatin America$vCongresses 607 $aLatin America$xCommercial policy$vCongresses 615 0$aMonetary policy 615 0$aFiscal policy 676 $a339.5/098 701 $aGonza?lez Anaya$b Jose? Antonio$f1967-$01814786 712 02$aStanford University.$bCenter for Research on Economic Development and Policy Reform. 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910971391503321 996 $aLatin American macroeconomic reforms$94368886 997 $aUNINA