Abstract
The floating of major international currencies since 1973 has posed new problems for foreign trade and payments of the less developed countries.
This paper was started while visiting Northwestern University during the winter quarter of 1979. I would like to thank John Williamson for his very helpful comments.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Bibliography
Aghevli, B. and Rodriguez, C, ‘Trade, Prices, and Output in Japan: A Simple Monetary Model’, IMF Staff Papers, Vol. 26 (No. 1, March 1979).
Aghevli, B. and Khan, M. S., ‘Government Deficits and the Inflationary Process in Developing Countries’, IMF Staff Papers, Vol. 25 (No. 3, September 1978).
Bigman, David, ‘Levels of Export Instability: Some Methodological Considerations and the Recent Evidence’, paper presented at the Econometric Society Meetings in Chicago on topics of International Trade (29 August 1978).
Branson, William H. and Katseli-Papaefstratiou, Louka T., ‘Exchange Rate Policy for Developing Countries’, Working Papers in International Economics, Princeton University (November 1978).
Crockett, A. D. and Nsouli, S. M.,‘Exchange Rate Policies for Developing Countries’, Journal of Development Studies, 13 (No. 2, 1977).
Frenkel, Jacob A. and Johnson, Harry G., eds., The Monetary Approach to the Balance of Payments (London, 1976).
Goldstein, Morris, ‘Have Flexible Exchange Rates Made Macroeconomic Policy More Difficult: A Survey of the Issues and the Evidence’, mimeo, IMF, 1979.
Granger, C. W. J., ‘Investigating Causal Relations by Econometric Models and Cross Spectral Methods’, Econometrica, 37 (1969).
Harberger, Arnold, Project Evaluation: Collected Papers (Macmillan, London, 1972).
Heller, H. R., ‘The Choice of an Exchange Rate Regime: Theory and Practice’, International Monetary Fund (unpublished document 1976).
International Monetary Fund, The Monetary Approach to the Balance of Payments (Washington, 1977).
Johnson, Omotunde E. G., ‘The Exchange Rate as an Instrument of Policy in a Developing Country’, IMF Staff Papers Vol. 23 (No. 2, July 1976).
Leipziger, Danny M., ed., The International Monetary System and the Developing Nations (Agency for International Development, Washington, DC, 15 June 1976).
Lewis, W. A., ‘The Less Developed Countries and Stable Exchange Rates’, in The International Monetary System in Operation, International Monetary Fund Per Jacobson lectures (1972).
Lipschitz, L., ‘Exchange Rate Policies for Developing Countries: Some Simple Arguments for Intervention’, IMF Staff Papers, Vol. 25 (No. 4, December 1978).
Mussa, Michael, ‘Exchange Rate Policies for Developing Countries: The Case for Fixed Exchange Rate’, discussion paper (1978).
Pierce, David A., and Haugh, Larry D., ‘Causality in Temporal Systems’, Journal of Econometrics, 5 (1977).
Sen, Amartya, Employment, Technology and Development (Clarendon Press, Oxford, 1975).
Sundararajan, V., ‘Second-Guessing Currency Baskets: Methodology and Cases’, International Monetary Fund (unpublished, Washington, DC April 1977).
Theil, Henri, Principles of Econometrics (University of Chicago Press, 1971).
Westerfield, Janice M., ‘An Examination of Foreign Exchange Risk Under Fixed and Floating Rate Regimes’, Journal of International Economics (May 1977).
Wilks, S. S., Mathematical Statistics (John Wiley, 1962).
Chaipravat, O. et al., ‘Main Sources of Inflation in Developing ESCAP countries, A Multi-Country Quantitative Analysis’, Bank of Thailand Discussion Paper, DP/76/19, November 1976.
Kreinin, M. and Officer, L., The Monetary Approach to the Balance of Payments: A Survey, Princeton Studies in International Finance No. 43, 1978.
Editor information
Copyright information
© 1981 Palgrave Macmillan, a division of Macmillan Publishers Limited
About this chapter
Cite this chapter
Bacha, E.L. (1981). The Impact of the Float on LDCs: Latin American Experience in the 1970s. In: Williamson, J. (eds) Exchange Rate Rules. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-05166-3_14
Download citation
DOI: https://doi.org/10.1007/978-1-349-05166-3_14
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-05168-7
Online ISBN: 978-1-349-05166-3
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)