Publisher Summary This chapter reviews developments in international monetary
economics from the late 1960s through the early 1980s. It discusses that the “monetary …

The paper reviews the recent experience with stabilization programmes in Latin America in
the light of traditional and monetarist models of inflation and the exchange rate. The …

In the aftermath of the breakdown of the Bretton Woods system, considerable attention has
been paid to the problems faced by develo** countries in choosing their exchange rate …

Empirical studies based on data from the 1960s and 1970s yielded estimated demands for
international reserves that have been regarded as stable functions of a limited set of …

This paper investigated the effect of the exchange rate (regime) on inbound leisure tourism,
using annual data from four primary tourist markets for Botswana, namely the USA, the UK …

1. Indicators, 1973-1982 3 2. Major indicators, 1983-1993 4 3. Data distribution 14 4. Unit
root tests 14 5. Test for stationarity 15 6. Test for exclusion 15 7. Test for long-run weak …

'Professor Abdel-Khalek has produced a damning critique of the effects of the IMF structural
adjustment programme in Egypt based on a detailed appraisal of the experience of the …

The inflation threat appears to have disappeared in most parts of the world, rekindling
debate over the feasibility and desirability of “zero” inflation. 1 With annual inflation slightly …

The paper analyses the impact of liberalization on two key and interrelated markets in
Kenya, the financial and the foreign exchange markets. It is shown that the inflation profile …

This article develops an error-correction model with the aim of analyzing the behavior of
prices during a period of chronic inflation in Brazil. The degree of inflationary inertia is …