Latin American macroeconomic reforms [[electronic resource] ] : the second stage / / edited by José Antonio González ... [et al.]

• Pubblicazione: Chicago, : University of Chicago Press, c2003
• Descrizione fisica: 1 online resource (458 p.)
• Disciplina: 339.5/098
• Soggetto topico: Monetary policy - Latin America; Fiscal policy - Latin America
• Soggetto geografico: Latin America Commercial policy Congresses
• Soggetto non controllato: latin america, economics, finance, nonfiction, brazil, reform, taxation, government, growth, developing countries, mexico, value added tax, emerging markets, liquidity, risk management, industrial development, banks, chile, financial crisis, liberalization, trade, china syndrome, monetary policy, interest rates, inflation, partial dollarization, exchange rate, international
• Altri autori: González AnayaJosé Antonio <1967->
• Note generali: Papers prepared for a conference held by Stanford University's Center for Research on Economic Development and Policy Reform in Nov. 2000.
• Nota di bibliografia: Includes bibliographical references and indexes.
• Nota di contenuto: Frontmatter -- Contents -- Foreword -- Acknowledgments -- Introduction -- 1. Inflation Targeting -- 2. Exchange Rate Pass-Through and Partial Dollarization -- 3. Very High Interest Rates and the Cousin Risks -- Epilogue to Part I: Circumstances and Institutions -- 4. The China Syndrome or the Tequila Crisis -- 5. International Liquidity Management Problems in Modern Latin America -- 6. Trade Liberalization and Financial Crisis -- 7. Banks, Financial Markets, and Industrial Development -- 8. Toward a Liquidity Risk Management Strategy for Emerging Market Economies -- 9. Taxation Reform in Latin America in the Last Decade -- 10. Taxing for Equity -- 11. Tax Reform in Brazil -- Contributors -- Author Index -- Subject Index
• Sommario/riassunto: Hidden 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
• Titolo autorizzato: Latin American macroeconomic reforms
• ISBN: 1-282-58475-8; 9786612584756; 0-226-30268-7
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910792591403321
• Lo trovi qui: Univ. Federico II