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Crisis and Opportunity: The Policy Environment of International Banking in the City of London, 1958–1980

Catherine Schenk

in London and Paris as International Financial Centres in the Twentieth Century

Published in print:
2005
Published Online:
September 2007
ISBN:
9780199269495
eISBN:
9780191710162
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199269495.003.0010
Subject:
Business and Management, Finance, Accounting, and Banking

This chapter analyses policy responses to the instability of the international monetary system during the 1970s and how these policies affected the City of London. First, the collapse of the ... More


Postwar Instability

Barry Eichengreen

in Golden Fetters: The Gold Standard and the Great Depression, 1919-1939

Published in print:
1996
Published Online:
November 2003
ISBN:
9780195101133
eISBN:
9780199869626
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195101138.003.0004
Subject:
Economics and Finance, Economic History

The chapter covers the postwar boom and slump, which provided a first indication of how radically the environment had changed since before World War I, although contemporaries did not appreciate its ... More


Brazil’s Macroeconomic Policies and Capital Flows in the 1990s

Eliana Cardoso

in Short-Term Capital Flows and Economic Crises

Published in print:
2001
Published Online:
October 2011
ISBN:
9780198296867
eISBN:
9780191685286
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198296867.003.0008
Subject:
Economics and Finance, Development, Growth, and Environmental, Macro- and Monetary Economics

During the period between the late 1980s and the early 1990s, Latin America’s economic concerns experienced a turning point since various leaders, policy makers, and multilateral institutions agreed ... More


Exchange Rate Regimes and Bilateral Exchange Rates

Michael W. Klein and Jay C. Shambaugh

in Exchange Rate Regimes in the Modern Era

Published in print:
2009
Published Online:
August 2013
ISBN:
9780262013659
eISBN:
9780262259002
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262013659.003.0006
Subject:
Economics and Finance, Econometrics

This chapter examines and provides a distinction between the behaviors of fixed exchange rate regimes and floating exchange rate regimes. First it separates the indisputable and disputable floats ... More


The Experience with a Floating Exchange Rate Regime: The Case of Mexico

Agustín Carstens and Guillermo Ortiz Martinez

in International Financial Markets: The Challenge of Globalization

Published in print:
2003
Published Online:
February 2013
ISBN:
9780226032146
eISBN:
9780226032153
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226032153.003.0007
Subject:
Economics and Finance, International

This chapter examines the experience of Mexico with a floating exchange rate regime. It reviews Mexico's problematic transition to the floating exchange rate regime during 1994–95 and describe how ... More


Why Do Countries Choose Currency Boards?

Wolf Holger C., Ghosh Atish R., Berger Helge, and Gulde Anne-Marie

in Currency Boards in Retrospect and Prospect

Published in print:
2008
Published Online:
August 2013
ISBN:
9780262232654
eISBN:
9780262286411
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262232654.003.0003
Subject:
Economics and Finance, Econometrics

This chapter presents theoretical arguments to explain why countries may or may not opt for a currency board arrangement. The adoption of a currency board arrangement can be seen as being based on ... More


The influence of US policy on the SDR under post‐Bretton Woods arrangements

Christopher M.D. Wilkie

in Special Drawing Rights (SDRs): The First International Money

Published in print:
2011
Published Online:
January 2012
ISBN:
9780199606467
eISBN:
9780191731648
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199606467.003.0004
Subject:
Economics and Finance, Macro- and Monetary Economics

SDRs could not prop up a Bretton Woods system without US support. And it is true that the SDR was no longer a priority for the US as post‐Bretton Woods arrangements consolidated themselves. ... More


SDRs and the negotiation of the Second Amendment to the Fund's Articles of Agreement

Christopher M.D. Wilkie

in Special Drawing Rights (SDRs): The First International Money

Published in print:
2011
Published Online:
January 2012
ISBN:
9780199606467
eISBN:
9780191731648
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199606467.003.0006
Subject:
Economics and Finance, Macro- and Monetary Economics

The Second Amendment to the IMF Articles of Agreement (the Jamaica Agreement) did much more than simply legalize the floating exchange rate system. Of fundamental importance were decisions to ... More


Introduction: International Capital Markets and the Challenge of Globalization: A Touring Guide to Some of the Issues

Leonardo Auernheimer

in International Financial Markets: The Challenge of Globalization

Published in print:
2003
Published Online:
February 2013
ISBN:
9780226032146
eISBN:
9780226032153
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226032153.003.0001
Subject:
Economics and Finance, International

This introductory chapter discusses the contents of this volume which is about the impact of globalization on the international capital markets. The papers in this volume were presented at the Third ... More


Inflation Targeting across the Region

Ulrich Volz

in Prospects for Monetary Cooperation and Integration in East Asia

Published in print:
2010
Published Online:
August 2013
ISBN:
9780262013994
eISBN:
9780262265980
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262013994.003.0009
Subject:
Economics and Finance, Econometrics

This chapter first considers the arguments in favor of floating exchange rates. There are essentially two major arguments in support of floating regimes and against monetary strategies based on an ... More


The Exchange Rate Regime

Eswar S. Prasad

in Gaining Currency: The Rise of the Renminbi

Published in print:
2016
Published Online:
October 2016
ISBN:
9780190631055
eISBN:
9780190631086
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190631055.003.0004
Subject:
Economics and Finance, International

This chapter describes the evolution of China’s exchange rate policy. The RMB was pegged to the U.S. dollar from 1994 until 2005. Since then, the RMB has in principle been allowed to float in ... More


Exchange Rate Options for East Asia

Ulrich Volz

in Prospects for Monetary Cooperation and Integration in East Asia

Published in print:
2010
Published Online:
August 2013
ISBN:
9780262013994
eISBN:
9780262265980
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262013994.003.0008
Subject:
Economics and Finance, Econometrics

This chapter discusses three possibilities for future exchange rate options for the East Asian economies. The first would be the adoption of freely floating exchange rates throughout the region (or ... More


Fiscal and Monetary Integration, 1790–1820

Cormac Ó Gráda

in Ireland: A New Economic History 1780–1939

Published in print:
1995
Published Online:
October 2011
ISBN:
9780198205982
eISBN:
9780191676895
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198205982.003.0003
Subject:
History, British and Irish Modern History, Economic History

In the 18th century, the story of the economy of Ireland is a tale of ever-closer links with that the economy of Britain. Trade with the neighbouring island increased fourfold in real terms between ... More


Epilogue to Part I: Circumstances and Institutions: Notes on Monetary Policy in Brazil in the Last Fourteen Years

Gustavo H.B. Franco

in Latin American Macroeconomic Reforms: The Second Stage

Published in print:
2003
Published Online:
February 2013
ISBN:
9780226302676
eISBN:
9780226302683
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226302683.003.0005
Subject:
Economics and Finance, Development, Growth, and Environmental

Brazilian policymakers are entering the seventh year of the Real Plan, an effort ending a hyperinflation process that lasted a little more than seven years. This chapter goes back in time for exactly ... More


Capital Inflows, Exchange Rate Management, and Capital Controls

Agustín Carstens

in Progress and Confusion: The State of Macroeconomic Policy

Published in print:
2016
Published Online:
January 2017
ISBN:
9780262034623
eISBN:
9780262333450
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262034623.003.0023
Subject:
Economics and Finance, Public and Welfare

The chapter argues that, under a regime of unconventional monetary policies (UMPs) in the main advanced economies, major externalities are generated that make it undesirable for emerging market ... More


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