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Begin New Search Topic International Trade and Finance Political Geography Latin America

121. Currency Boards or Dollarization — Solutions or Traps

Author:
John Chown
Publication Date:
08-1999
Content Type:
Policy Brief
Institution:
Chatham House
Abstract:
Currency boards have been suggested for Russia, and adopted elsewhere in eastern Europe. Brazil's fixed rate has had to be abandoned, but Argentina is considering replacing its currency board with dollarization, and suggesting this solution for the rest of Latin America. Fixed exchange-rate regimes (and the crawling peg in Russia) have collapsed in Southeast Asia but Hong Kong, which had a formal currency board, has (so far) survived.
Topic:
Economics and International Trade and Finance
Political Geography:
Russia, Eastern Europe, Latin America, Central America, Caribbean, and North America

122. Free Trade in the Americas: Fulfilling the Promise of Miami and Santiago

Author:
Stephen Lander and Ambler Moss
Publication Date:
04-1998
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
The creation of a Free Trade Area of the Americas (FTAA) was the bold centerpiece of the Summit of the Americas held in Miami in December 1994, and the FTAA recently received further impetus at the Summit of the Americas II in Santiago, Chile. This Agenda Paper, comprises two essays, one an overview of the process by Ambler Moss, “Moving Toward a Free Trade Area of the Americas,” and the other a look forward by Stephen Lande, “Launching Negotiations and Concrete Progress by the Millennium,” which assesses the progress made to date in working toward the FTAA and particularly examines the subject of “business facilitation” or measures designed to enhancethe flows of trade even as the FTAA is being negotiated.
Topic:
International Cooperation and International Trade and Finance
Political Geography:
United States, America, and Latin America

123. Collective Management of International Financial Crises

Author:
Saori N. Katada
Publication Date:
07-1998
Content Type:
Working Paper
Institution:
Center for International Studies, University of Southern California
Abstract:
The world has experienced many financial crises. Despite numerous research and policy efforts in prevention to present them at of large scale, the global economy has not seen economists' (and investors') Nirvana of financial globalization without the occasional crises. On the contrary, the increasing dynamism and changing nature of financial flows across national borders seem to have created a larger number of new problems for creditors, debtors and international financial institutions. That has typically been true for middle income countries in Latin America and Asia and, very recently, in Eastern Europe, which have been integrated into the international financial system. During the two decades between the late 1970s and the late 1990s, three major sets of financial crises originated from those middle income countries, intensifying concerns for international financial stability.
Topic:
Economics, Globalization, International Political Economy, and International Trade and Finance
Political Geography:
Europe, Israel, East Asia, Latin America, Central America, and North America

124. As Mexico Imploded: Action and Inaction in the United States

Author:
Sidney Weintraub
Publication Date:
07-1997
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
On December 20, 1994, Mexican financial and monetary authorities raised the band within which the peso was permitted to fluctuate by 15 percent. They expected a short-lived shock, some economic adjustment, and then back to business as usual with a modestly devalued peso. Mexico, after all, had a history of currency devaluations, particularly during the transitions from one administration to another. Beyond that, Mexico was not a world monetary powerhouse and what it did would not normally attract great or sustained international attention.
Topic:
Economics and International Trade and Finance
Political Geography:
United States, Latin America, and Mexico