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Money, Wages and Inflation in Middle-Income Developing Countries

Author/Editor: Pierre-Richard Agénor, Alexander W Hoffmaister.

Release Date:December, 1997

This paper examines the short-run links between money growth, exchange rate depreciation, nominal wage growth, the output gap, and inflation in Chile, Korea, Mexico, and Turkey, using a generalized more...



Price: $15.00
Contagion and Volatility with Imperfect Credit Markets

Author/Editor: Joshua Aizenman, Pierre-Richard Agénor.

Release Date:October, 1997

This paper interprets contagion effects as an increase in the volatility of aggregate shocks impinging on the domestic economy. The implications of this approach are analyzed in a model with two more...



Price: $15.00
Cyclical Fluctuations in Brazil's Real Exchange Rate : The Role of Domestic and External Factors

Author/Editor: Alexander W Hoffmaister, Carlos I Medeiros, Pierre-Richard Agénor.

Release Date:October, 1997

This paper examines the effects of capital inflows and domestic factors on Brazil’s real exchange rate. It describes the analytical framework, and then estimates a near-VAR model linking more...



Price: $15.00
Borrowing Risk and the Tequila Effect

Author/Editor: Pierre-Richard Agénor.

Release Date:July, 1997

This paper models the Tequila effect (triggered by the collapse of the Mexican peso in December 1994) as a temporary increase in the risk premium faced by domestic private borrowers on world capital more...



Price: $15.00
Fiscal Imbalances, Capital Inflows, and the Real Exchange Rate : The Case of Turkey

Author/Editor: E Murat Ucer, C John McDermott, Pierre-Richard Agénor.

Release Date:January, 1997

This paper examines the links between fiscal policy, capital inflows, and the real exchange rate in Turkey since the late 1980s. After an overview of recent macroeconomic developments in Turkey, a more...



Price: $15.00
Capital Inflows and the Real Exchange Rate : Analytical Framework and Econometric Evidence

Author/Editor: Pierre-Richard Agénor, Alexander W Hoffmaister.

Release Date:December, 1996

This paper examines the links between capital inflows and the real exchange rate under pegged exchange rates. The analytical framework is described, and a near-VAR model linking capital inflows, more...



Price: $15.00
The Mexican Peso Crisis : Overview and Analysis of Credibility Factors

Author/Editor: Paul R Masson, Pierre-Richard Agénor.

Release Date:January, 1996

This paper examines credibility and reputational factors in explaining the December 1994 crisis of the Mexican peso. After reviewing events leading to the crisis, a model emphasizing the more...



Price: $15.00
Competitiveness and External Trade Performance of the French Manufacturing Industry

Author/Editor: Pierre-Richard Agénor.

Release Date:December, 1995

This paper provides an assessment of competitiveness and external trade performance of the French manufacturing industry during the 1980s and early 1990s. The first part of the paper reviews more...



Price: $15.00
Consumption Smoothing and the Current Account : Evidence for France, 1970-1994

Author/Editor: Claude Bismut, Paul Cashin, C John McDermott, Pierre-Richard Agénor.

Release Date:November, 1995

This paper estimates a simple consumption-smoothing model of the French current account, and examines its capacity to predict recent developments in France’s external performance. The more...



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The Labor Market and Economic Adjustment

Author/Editor: Pierre-Richard Agénor.

Release Date:November, 1995

This paper examines the role of the labor market in the transmission process of adjustment policies in developing countries. It begins by reviewing the recent evidence regarding the functioning of more...



Price: $15.00
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