Exchange-Rate Anchors, Credibility, and Inertia: A Tale of Two Crises, Chile and Mexico

American Economic Review

Volumn 86, Issue 2, 1996, Pages 176-180

  Edwards, Sebastian ^a,b  

^a UNIVERSITY OF CALIFORNIA   (United States)

^b NATIONAL BUREAU OF ECONOMIC RESEARCH   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

COMPARATIVE STUDY; DEVELOPING COUNTRY; ECONOMIC CRISIS; EXCHANGE RATE; INFLATIONARY INERTIA; STABILISATION POLICY;

CHILE; MEXICO;

EID: 0030472633     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (5)

1. Cochrane, John H. "How Big Is the Random Walk in GNP?" Journal of Political Economy, October 1988, 96(5), pp. 893-920.
2. Edwards, Sebastian. "A Tale of Two Crises, Chile and Mexico." Mimeo, World Bank, Washington, DC, 1996.
3. Edwards, Sebastian and Edwards, Alejandra Cox. Monetarism and liberalization: The Chilean experiment. Chicago: University of Chicago Press, 1991.
4. Santaella, Julio A. and Vela, Abraham E. "The 1987 Mexican Inflation-Stabilization: Matching Stylized Facts and Theory." Mimeo, International Monetary Fund, Washington, DC, 1995.
5. Williamson, John, ed. Exchange rate rules: The theory, performance, and prospects of the crawling peg. New York: St. Martin's, 1981.