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Modern Exchange-rate Regimes, Stabilisation Programmes and Co-ordination of Macroeconomic Policies
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Origins and functioning of modern exchange-rate regimes; systemic asymmetries in the adjustment mechanism inherent in the International Monetary System from the perspective of Latin American countries; monetary vs exchange-rate targeting - revisiting the rules vs discretion debate and credibility issue; exchange-rate regimes - conceptual monetary differences and contrasting views; the dilemma of selected Latin American countries facing stabilization programmes; the international financial system.

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