The Mirage of Exchange Rate Regimes for Emerging Market Countries

By Guillermo A. Calvo, Frederic S. Mishkin. 2003

480 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/038baa10db6b56aeeffe272fed5b919018e1d17a

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Citations in the corpus

The Invisible Hand of the Government: Moral Suasion during the European Sovereign Debt Crisis (2019, unknown): “Similarly Calvo and Mishkin (2003) argue that Argentinian “banks were encouraged and coerced into purchasing Argentine government bonds” (op.”
THE INFLATION TARGETING DEBATE (2005, background): “Furthermore, as has been emphasized in Calvo and Mishkin (2003) and Sims (2005), an inflation target by itself is not capable of establishing a strong nominal anchor if the government pursues irresponsible fiscal policy or inadequate 5For example, Bernanke et al.(1999) and Levin, Natalucci and…”
Financial Liberalisations in Latin America in the 1990s: A Reassessment (2005, unknown): “Casting the problem in terms of the 'smart' choice of an exchange rate regime is potentially hazardous, as it obscures the need to challenge the deeper fiscal deficiencies (see Calvo and Mishkin, 2003, for related analysis).”
Alternatives to inflation targeting in Mexico (2008, background): “…there are important concerns about the effectiveness of an IT regime under weak fiscal conditions, poorly regulated financial systems, large potential external shocks, low institutional credibility and currency substitution phenomena (Fraga, Goldfajn and Minella 2003; Calvo and Mishkin 2003).”
Exchange Rates and Monetary Policy in Emerging Market Economies (2004, unknown): “[11] Calvo, Guillermo, and Frederick Mishkin (2003) “The Mirage of Exchange Rate Regimes for Emerging Market Countries”, NBER d.”