Table of Contents:
  • Stories of the 1930s for the 1980s / Carlos F. Diaz Alejandro
  • Optimal economic integration / Michael Mussa
  • Seigniorage and fixed exchange rates / Stanley Fischer
  • Dollarization in Mexico / Guillermo Ortiz
  • On equilibrium wage indexation and neutrality of indexation policy / Nissan Liviatan
  • Real versus financial openness under alternative exchange rate regimes / Michael Bruno
  • Financing private business in an inflationary context / Domingo F. Cavallo and A. Humberto Petrei
  • Debt and the current account deficit in Brazil / Olivier Jean Blanchard
  • Trying to stabilize / Guillermo A. Calvo
  • Interest differential and covered arbitrage / Jose Saul Lizondo
  • Capital mobility and the scope for sterilization / Robert E. Cumby and Maurice Obstfeld
  • Panel discussion : the capital market under conditions of high and variable inflation / Juan Carlos de Pablo, Miguel Mancera, and Mario Henrique Simonsen.