Browsing Centro de Investigación en Finanzas (CIF) by Author "Torre, Augusto de la"
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Financial globalization: unequal blessings
Torre, Augusto de la; Levy Yeyati, Eduardo; Schmukler, Sergio L. (Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF), 2002)This paper presents a framework to analyze financial globalization. It argues that financial globalization needs to take into account the relation between money (particularly in its role as store of value), asset and factor ... -
Living and dying with hard pegs: the rise and fall of Argentina's currency board
Levy Yeyati, Eduardo; Schmukler, Sergio; Torre, Augusto de la (Universidad Torcuato Di Tella. Escuela de Negocios. Centro de Investigaciones en Finanzas (CIF), 2003)The rise and fall of Argentina’s currency board illustrates the extent to which the advantages of hard pegs have been overstated. The currency board did provide nominal stability and boosted financial intermediation, at ...