Money, Crises, and Transition: Essays in Honor of Guillermo A. Calvo
Carmen M. Reinhart, Carlos A. Vegh, and Andres Velasco
Abstract
Guillermo Calvo, one of the most influential macroeconomists of the last thirty years, has made pathbreaking contributions in such areas as time-inconsistency, lack of credibility, stabilization, transition economies, debt maturity, capital flows, and financial crises. His work on macroeconomic issues relevant for developing countries has set the tone for much of the research in this area and greatly influenced practitioners’ thinking in Latin America, Eastern Europe, Asia, and elsewhere. In this book, specialists in Calvo’s main areas of expertise explore the themes behind this substantial bo ... More
Guillermo Calvo, one of the most influential macroeconomists of the last thirty years, has made pathbreaking contributions in such areas as time-inconsistency, lack of credibility, stabilization, transition economies, debt maturity, capital flows, and financial crises. His work on macroeconomic issues relevant for developing countries has set the tone for much of the research in this area and greatly influenced practitioners’ thinking in Latin America, Eastern Europe, Asia, and elsewhere. In this book, specialists in Calvo’s main areas of expertise explore the themes behind this substantial body of work. The chapters take on the issues that have fascinated Calvo most as an academic, a senior advisor at the International Monetary Fund, and as the chief economist at the Inter-American Development Bank: monetary and exchange rate policy (both in theory and practice); financial crises; debt, taxation, and reform; and transition and growth. The final section, which provides a behind-the-scenes look at Calvo’s career and intellectual journey, includes an interview with the man himself.
Keywords:
time-inconsistency,
lack of credibility,
stabilization,
transition economies,
debt maturity,
capital flows,
financial crises,
developing countries,
exchange rate policy,
debt
Bibliographic Information
Print publication date: 2008 |
Print ISBN-13: 9780262182669 |
Published to MIT Press Scholarship Online: August 2013 |
DOI:10.7551/mitpress/9780262182669.001.0001 |