By Carmen M. Reinhart

Guillermo Calvo, probably the most influential macroeconomists of the final thirty years, has made pathbreaking contributions in such parts as time-inconsistency, loss of credibility, stabilization, transition economies, debt adulthood, capital flows, and monetary crises. His paintings on macroeconomic concerns proper for constructing international locations has set the tone for a lot of the examine during this quarter and vastly stimulated practitioners' pondering in Latin the US, japanese Europe, Asia, and in other places. In cash, Crises, and Transition, top experts in Calvo's major parts of craftsmanship discover the topics at the back of this awesome physique of labor. The essays tackle the problems that experience interested Calvo so much as a tutorial, a senior consultant on the overseas financial Fund, and because the leader economist on the Inter-American improvement financial institution: financial and trade price coverage (both in idea and practice); monetary crises; debt, taxation, and reform; and transition and progress. a last part offers a behind-the-scenes examine Calvo's profession and highbrow trip and contains an interview with Calvo himself. ContributorsLeonardo Auernheimer, Fabrizio Coricelli, Padma Desai, Allan Drazen, Sebastian Edwards, Roque B. Fernández, Stanley Fischer, Ricardo Hausmann, Bostjan Jazbec, Peter Isard, Graciela L. Kaminsky, Michael Kumhof, Amartya Lahiri, Igal Magendzo, Enrique G. Mendoza, Frederic S. Mishkin, Igor Masten, Pritha Mitra, Alejandro Neut, Maurice Obstfeld, Edmund S. Phelps, Assaf Razin, Carmen M. Reinhart, Francisco Rodriguez, Efraim Sadka, Ratna Sahay, Rajesh Singh, Evan Tanner, Carlos A. Végh, Andrés Velasco, Rodrigo Wagner

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