Výsledky vyhledávání - "Leonardo Leiderman"

The choice of exchange rate bands: balancing credibility and flexibility

Autor: Yossi Spiegel, Alex Cukierman, Leonardo Leiderman

Publikováno v: Journal of International Economics. 62:379-408

This paper develops a framework for the optimal choice of exchange rate bands within an environment in which policymakers dislike nominal exchange rate variability, but value the flexibility to adjust the nominal exchange rate in response to shocks,

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::d0ce6276a977cb319e365a669f804af4
https://doi.org/10.1016/s0022-1996(03)00046-1

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High real interest rates in the aftermath of disinflation: is it a lack of credibility?

Autor: Graciela Kaminsky, Leonardo Leiderman

Publikováno v: Journal of Development Economics. 55:191-214

High real interest rates have been observed in many countries for several months after the adoption of disinflation programs. While they may reflect primarily a liquidity crunch, high ex post real interest rates can also be explained in terms of an e

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b4b9ca18e49c6516674b14002d2135d6
https://doi.org/10.1016/s0304-3878(97)00062-x

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Shifting Nominal Anchors: The Experience of Mexico

Autor: Leonardo Leiderman, Nissan Liviatan, Alfredo Thorne

Publikováno v: Economia Mexicana NUEVA EPOCA. (2):197-237

In the mid-1980’s Mexico successfully brought down its high rate of inflation by using the exchange rate as nominal anchor in combination with strict fiscal discipline, tight monetary policy, and incomes policy. This paper discusses the role of exc

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=od_______645::327495acca7db9db49f2a3e3dc0df81f
http://www.economiamexicana.cide.edu/num_anteriores/IV-2/01_LEIDERMAN_197-237.pdf

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Comments on 'Private sector involvement in financial crisis resolution

Autor: Leonardo Leiderman

Publikováno v: Fixing Financial Crises in the Twenty-first Century

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::cf66e42ac61adb9213408e4986b5dd98
https://doi.org/10.4324/9780203390634_chapter_6

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Seigniorage and the welfare cost of inflation

Autor: Leonardo Leiderman, Zvi Eckstein

Publikováno v: Journal of Monetary Economics. 29:389-410

This paper empirically investigates the restrictions embodied in a Sidrauski-type model for the cross-relations between consumption, money holdings, inflation, and assets' returns using quarterly data for the high-inflation economy in Israel, 1970–

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::0ecf93592a02af5464951a8be42577b1
https://doi.org/10.1016/0304-3932(92)90033-x

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Determinants of external imbalances: The role of taxes, government spending, and productivity

Autor: Assaf Razin, Leonardo Leiderman

Publikováno v: Journal of the Japanese and International Economies. 5:421-450

This paper develops and estimates a dynamic optimizing model of the current account. The model focuses on real factors that determine the evolution of saving and investment and hence the external balance. Three types of shocks are at the center of th

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::ecea0efeaa0d6ad18080ad040b7b5967
https://doi.org/10.1016/0889-1583(91)90007-d

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