This paper seeks to explain why exchange rate crises of rather similar causes and magnitude can be so much harder for one emerging market country to absorb and bounce back from than for another. Our argument takes three recent currency crises as examples: Argentina (late 2001) and Brazil (early 1999 and mid-2002). We conclude that most of the difference resulted from the structure of domestic political institutions and the incentives for cooperation and conflict that such institutions created for political incumbents and other players
ACL-4International audienceThis paper discusses the monetary and exchange policies followed by Latin...
The recent turmoil in currency markets in Asia, Europe, and Latin America has given a new impetus to...
This article analyses whether exchange rate pressures and speculative attacks against the Brazilian ...
This paper seeks to explain why exchange rate crises of rather similar causes and magnitude can be s...
This paper seeks to explain why exchange rate crises of rather similar causes and magnitude can be s...
What accounts for the successful responses of some emerging market countries to the challenges posed...
In the light of conventional models and Post Keynesian theory about speculative attacks and currency...
This paper examines how exchange rate policies and IMF Stand-By Arrangements affect debt crises usin...
O presente artigo busca, tendo como referência os modelos convencionais e a análise pós-keynesiana s...
Brazil invests little and is running a fiscal deficit of 9% of GDP, whereas Argentina invests more a...
2005 This Working Paper should not be reported as representing the views of the IMF. The views expre...
In this paper, we embed the key political mechanisms, specific to developing countries, into a polit...
The objective of this paper is analyse the determinants of the Argentine crisis of 2001-2002. In par...
The plethora of currency crises around the world has fueled many theories on the causes of speculati...
This paper investigates the main sources of instability in Brazil during the Currency and financial ...
ACL-4International audienceThis paper discusses the monetary and exchange policies followed by Latin...
The recent turmoil in currency markets in Asia, Europe, and Latin America has given a new impetus to...
This article analyses whether exchange rate pressures and speculative attacks against the Brazilian ...
This paper seeks to explain why exchange rate crises of rather similar causes and magnitude can be s...
This paper seeks to explain why exchange rate crises of rather similar causes and magnitude can be s...
What accounts for the successful responses of some emerging market countries to the challenges posed...
In the light of conventional models and Post Keynesian theory about speculative attacks and currency...
This paper examines how exchange rate policies and IMF Stand-By Arrangements affect debt crises usin...
O presente artigo busca, tendo como referência os modelos convencionais e a análise pós-keynesiana s...
Brazil invests little and is running a fiscal deficit of 9% of GDP, whereas Argentina invests more a...
2005 This Working Paper should not be reported as representing the views of the IMF. The views expre...
In this paper, we embed the key political mechanisms, specific to developing countries, into a polit...
The objective of this paper is analyse the determinants of the Argentine crisis of 2001-2002. In par...
The plethora of currency crises around the world has fueled many theories on the causes of speculati...
This paper investigates the main sources of instability in Brazil during the Currency and financial ...
ACL-4International audienceThis paper discusses the monetary and exchange policies followed by Latin...
The recent turmoil in currency markets in Asia, Europe, and Latin America has given a new impetus to...
This article analyses whether exchange rate pressures and speculative attacks against the Brazilian ...