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The Anatomy of a Multiple Crisis: Why was Argentina Special and What Can We Learn from It?

Guillermo Perry and Luis Servén

in Monetary Unions and Hard Pegs: Effects on Trade, Financial Development, and Stability

Published in print:
2004
Published Online:
August 2004
ISBN:
9780199271405
eISBN:
9780191601200
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199271402.003.0012
Subject:
Economics and Finance, Economic Systems

The Argentine crisis has been variously blamed on fiscal imbalances, real overvaluation, and self-fulfilling investor pessimism triggering a capital flow reversal. This chapter provides a full ... More


The Terms of Trade Argument for Taxes on Trade

W. Max Corden

in Trade Policy and Economic Welfare

Published in print:
1997
Published Online:
November 2003
ISBN:
9780198775348
eISBN:
9780191715471
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198775342.003.0006
Subject:
Economics and Finance, International

This chapter begins with elaborating the theory of the optimum trade tax based on the effects of tariffs and export taxes on a country's terms of trade. It also allows for private monopoly, for ... More


The Relationship Between International Transactions and Economic Growth

R. C. O. Matthews, C. H. Feinstein, and J. C. Odling‐Smee

in British Economic Growth 1856-1973: The Post-War Period in Historical Perspective

Published in print:
1982
Published Online:
November 2003
ISBN:
9780198284536
eISBN:
9780191596629
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198284535.003.0015
Subject:
Economics and Finance, Economic History

The adverse effect of foreign competition on the growth of TFP in the pre‐1914 period is estimated to have been larger in agriculture—still an important industry—than in manufacturing. However, the ... More


The Dynamics of the Real Exchange Rate and Current Account in a Small Open Economy: Australia

Guay C. Lim and Jerome L. Stein

in Fundamental Determinants of Exchange Rates

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198293064
eISBN:
9780191596940
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293062.003.0003
Subject:
Economics and Finance, Macro- and Monetary Economics, International

The underlying movements in the equilibrium real exchange rate – NATREX – in Australia are explained by the evolution of the fundamentals. They are: the terms of trade, the private saving ratio, ... More


The Equilibrium Real Exchange Rate: Theory and Evidence for Latin America

Michael Connolly and John Devereux

in Fundamental Determinants of Exchange Rates

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198293064
eISBN:
9780191596940
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293062.003.0005
Subject:
Economics and Finance, Macro- and Monetary Economics, International

Our empirical results suggest that movements in the equilibrium real exchange rate NATREX for Latin American economies over the period 1960–85 can be explained in terms of growth, openness, and ... More


The Equilibrium Real Exchange Rate of Germany

Jerome L. Stein

in Fundamental Determinants of Exchange Rates

Published in print:
1998
Published Online:
November 2003
ISBN:
9780198293064
eISBN:
9780191596940
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198293062.003.0006
Subject:
Economics and Finance, Macro- and Monetary Economics, International

The longer‐term systematic determinants of the real effective exchange rate of Germany are both domestic and external. The main domestic determinants are time preference, the ratio of public plus ... More


Extending the Model

Richard Pomfret

in The Economics of Regional Trading Arrangements

Published in print:
2001
Published Online:
November 2003
ISBN:
9780199248872
eISBN:
9780191596797
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199248877.003.0009
Subject:
Economics and Finance, International

Surveys extensions to the mainstream models that were introduced in the 1950s, 1960s, and 1970s: higher dimensionality (Sect. 1), tariffs in the rest of the world (Sect. 2), the terms of trade (Sect. ... More


Trade and Development

Pranab Bardhan and Christopher Udry

in Development Microeconomics

Published in print:
1999
Published Online:
November 2003
ISBN:
9780198773719
eISBN:
9780191595929
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198773714.003.0014
Subject:
Economics and Finance, Development, Growth, and Environmental

Starts with an illustration of the effect of growth on the terms of trade between a rich and a poor country, using a simple comparative‐static framework. Next, we study the pro‐competitive effects of ... More


Summary of Findings and Policy Implications

Alfred Maizels, Robert Bacon, and George Mavrotas

in COMMODITY SUPPLY MANAGEMENT BY PRODUCING COUNTRIES: A Case-Study of the Tropical Beverage Crops

Published in print:
1997
Published Online:
October 2011
ISBN:
9780198233381
eISBN:
9780191678981
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198233381.003.0007
Subject:
Economics and Finance, Development, Growth, and Environmental

As trade in their exports deteriorated, the developed countries incurred sizable foreign exchange losses since the early 1980s. Between 1980 and 1993, the cumulated loss reached more that $105 bn., ... More


Globalization, Institution-building, and Commodity-export-led Growth, c.1870–1929

Luis Bértola and José Antonio Ocampo

in The Economic Development of Latin America since Independence

Published in print:
2012
Published Online:
January 2013
ISBN:
9780199662135
eISBN:
9780191748950
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199662135.003.0003
Subject:
Economics and Finance, Economic History, International

Chapter 3 analyzes the character and timing of export-led growth in the last decades of the XIX and first three decades of the XX century. This process was determined by the revolution in ... More


Economic Integration in Remote Resource-Rich Regions

Anthony J. Venables

in Costs and Benefits of Economic Integration in Asia

Published in print:
2011
Published Online:
September 2011
ISBN:
9780199753987
eISBN:
9780199896783
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199753987.003.0007
Subject:
Economics and Finance, South and East Asia, Development, Growth, and Environmental

What are the effects of regional integration and other trade policy measures in regions such as Central Asia or the Great Lakes Region of Africa where countries are remote with poor access to the ... More


Problems of Trade in Primary Commodities

Rajat Acharyya and Saibal Kar

in International Trade and Economic Development

Published in print:
2014
Published Online:
September 2014
ISBN:
9780199672851
eISBN:
9780191783081
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199672851.003.0003
Subject:
Economics and Finance, Development, Growth, and Environmental, Macro- and Monetary Economics

All students of international economics are aware that the comparative advantage in primary goods may bring initial static gains when trade opens up, but subsequently adverse terms of trade movement ... More


Terms of Trade and Growth

Rajat Acharyya and Saibal Kar

in International Trade and Economic Development

Published in print:
2014
Published Online:
September 2014
ISBN:
9780199672851
eISBN:
9780191783081
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199672851.003.0004
Subject:
Economics and Finance, Development, Growth, and Environmental, Macro- and Monetary Economics

The post-World War II development in the trade-growth relationship focused on the terms of trade issue and consequent welfare implications of trade-induced growth. The relationship between income ... More


Original Sin: The Road to Redemption

Barry Eichengreen and Ricardo Hausmann (eds)

in Other People's Money: Debt Denomination and Financial Instability in Emerging Market Economies

Published in print:
2005
Published Online:
February 2013
ISBN:
9780226194554
eISBN:
9780226194578
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226194578.003.0011
Subject:
Economics and Finance, International

This chapter proposes the creation of a synthetic unit of account in which claims on a diversified group of emerging-market economies can be denominated, together with steps by the international ... More


International Competition and the Theory of Exchange Rates

Anwar Shaikh

in Capitalism: Competition, Conflict, Crises

Published in print:
2016
Published Online:
March 2016
ISBN:
9780199390632
eISBN:
9780199390663
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199390632.003.0011
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter extends the classical argument to international competition and terms of trade (real exchange rates). Standard comparative cost theory is the foundation of almost all approaches to ... More


The Worsening Crisis, the Delay, and the Impact of the Famine

Daniel Maxwell and Nisar Majid

in Famine in Somalia: Competing Imperatives, Collective Failures, 2011–12

Published in print:
2016
Published Online:
September 2016
ISBN:
9780190499389
eISBN:
9780190638559
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190499389.003.0004
Subject:
Political Science, Conflict Politics and Policy

This chapter traces the early warning about the famine, beginning in 2010, and analyses the information available about the crisis right up to and including the declaration of famine on July 20, ... More


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