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Foreign Exchange Reserves. Recent Evolution
(ECLAC, 2016-12)
The world foreign exchange reserves declined 7% from the first quarter of 2014 to the second quarter of 2016, mostly due to a significant reduction in reserve accumulation in emerging and developing economies – a 13% drop ...
Foreign capital inflows and macroeconomic policies
(1994-08)
In recent years, a number of countries of the region have gained renewed access to international financial markets, thus passing abruptly from a situation of relative scarcity of external resources to one of abundance. ...
How optimal are the extremes?: Latin American exchange rate policies during the Asian crisis
(ECLAC, 2003-03)
Abstract During the Asian crisis, intermediate exchange rate regimes vanished. It has been argued that those regimes were no longer useful and only the extremes remained valid. The paper analyses three foreign ...