WorldCat Identities

Calvo, Guillermo A.

Overview
Works: 216 works in 854 publications in 1 language and 11,710 library holdings
Genres: Conference papers and proceedings 
Roles: Author, Editor, Other, Dedicatee
Publication Timeline
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Most widely held works by Guillermo A Calvo
Money, exchange rates, and output by Guillermo A Calvo( Book )

22 editions published between 1996 and 2006 in English and held by 473 WorldCat member libraries worldwide

Guillermo Calvo, who foresaw the financial crisis that followed the devaluationn of Mexico's peso, has spent much of his career thinking beyond the conventional wisdom. In a quiet and understated way, Calvo has made seminal contributions to several major research areas in macroeconomics, particularly monetary policy, exchange rates, public debt, and stabilization in Latin America and post-communist countries. Money, Exchange Rates, and Output brings together these contributions in a broad selection of the author's work over the past two decades. There are introductions to each section, and an introduction to the entire collection that outlines the connections throughout and survey the current state of macroeconomic theory. Specific issues covered are predetermined exchange rates, currency substitution, domestic public debt and seigniorage, and stabilizing transition economics
Financial sector reforms and exchange arrangements in Eastern Europe by Guillermo A Calvo( Book )

18 editions published in 1993 in English and held by 384 WorldCat member libraries worldwide

The first paper discusses developments in the financial sector and constraints on the performance of recently constituted commercial banks. The second paper discusses the extent to which exchange arrangements in these countries have contributed to the reform process and the restructuring under way
Emerging capital markets in turmoil : bad luck or bad policy by Guillermo A Calvo( Book )

14 editions published in 2005 in English and held by 383 WorldCat member libraries worldwide

Analysis of financial crises in emerging market economies, including Mexico, Argentina, and Russia; traces the evolution of crisis theory and challenges the conventional wisdom
Debt, stabilization, and development : essays in memory of Carlos Díaz-Alejandro( Book )

11 editions published in 1989 in English and held by 288 WorldCat member libraries worldwide

Private capital flows to emerging markets after the Mexican crisis( Book )

7 editions published in 1996 in English and held by 213 WorldCat member libraries worldwide

Money, crises, and transition : essays in honor of Guillermo A. Calvo by Carmen M Reinhart( Book )

14 editions published in 2008 in English and held by 202 WorldCat member libraries worldwide

Essays by prominent scholars and policymakers honor one of the most influential macroeconomists of the last thirty years discussing the themes behind his work
Currency boards and external shocks : how much pain, how much gain? by Guillermo Perry( Book )

17 editions published in 1997 in English and held by 165 WorldCat member libraries worldwide

Macroeconomics in times of liquidity crises : searching for economic essentials by Guillermo A Calvo( Book )

11 editions published between 2016 and 2017 in English and held by 126 WorldCat member libraries worldwide

"Financial crises are systemic occurring simultaneously in different economies. In this book Guillermo Calvo focuses on liquidity factors as a commonality in financial crises. Specifically, he examines the role of 'liquidity crunch' in triggering crises. Calvo shows that a sharp focus on liquidity reveals some characteristics of liquid assets that are easy to miss otherwise. He considers the role of liquidity and argues for liquidity's centrality, presenting what he calls the 'liquidity approach.' He shows that simple extensions of standard monetary models help rationalize the implications of the liquidity crunch, and then examines slightly more technical models that highlight liquidity issues. He explores the empirical effects of the liquidity crunch by studying Systemic Sudden Stops (of capital inflows) and suggests that they are triggered by liquidity crunch-like phenomena"--
The debt burden and its consequences for monetary policy : proceedings of a conference held by the International Economic Association at the Deutsche Bundesbank, Frankfurt, Germany by Guillermo A Calvo( Book )

23 editions published between 1997 and 1998 in English and Undetermined and held by 88 WorldCat member libraries worldwide

Phoenix miracles in emerging markets : recovering without credit from systemic financial crises by Guillermo A Calvo( Book )

19 editions published in 2006 in English and held by 62 WorldCat member libraries worldwide

Using a sample of emerging markets that are integrated into global bond markets, we analyse the collapse and recovery phase of output collapses that coincide with systemic sudden stops, defined as periods of skyrocketing aggregate bond spreads and large capital flow reversals. Our findings indicate the presence of a very similar pattern across different episodes: output recovers with virtually no recovery in either domestic or foreign credit, a phenomenon that we call Phoenix Miracle, where output "rises from its ashes", suggesting that firms go through a process of financial engineering to restore liquidity outside the formal credit markets. Moreover, we show that the US Great Depression could be catalogued as a Phoenix Miracle. However, in contrast to the US Great Depression, EM output collapses occur in a context of accelerating price inflation and falling real wages, casting doubts on price deflation and nominal wage rigidity as key elements in explaining output collapse, and suggesting that financial factors are prominent for understanding these collapses
Obstacles to transforming centrally-planned economies : the role of capital markets by Guillermo A Calvo( Book )

17 editions published in 1991 in English and held by 60 WorldCat member libraries worldwide

This paper identifies obstacles hindering the transformation of centrally-planned economies (CPEs) into well-functioning market economies. The analysis is motivated by the recent experience with economic transformation and restructuring in Eastern Europe and the U.S.S.R. The economic system in CPEs is highly distorted. Prices do not represent real social costs, incentives systems are absent, losses of unprofitable state-owned enterprises are automatically financed, legislations vital for the functioning of markets are not in place, private ownership and property rights are underdeveloped, bankruptcy laws are absent, markets are missing, shortages prevail and, occasionally, inflation is high. The obstacles identified relate to (i) anticipatory dynamics, (ii) monetary overhang and the budget, and (iii) underdeveloped credit markets. It is demonstrated that these obstacles inhibit the effectiveness of price reform, monetary and credit policies, and trade liberalization. The analysis focuses on various ways to remove the obstacles. In this regard, a special examination is made of the implications of cleaning the balance sheets of enterprises and banks from nonperforming loans, as well as ways to enhance credibility. In the absence of such measures, privatization will be difficult since the necessary information about creditworthiness of firms is lacking. The paper concludes with a brief discussion of sequencing, safety nets. and their associated obstacles
 
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Money, exchange rates, and output
Alternative Names
Calvo, G. 1941-

Calvo, Guillermo.

Calvo, Guillermo 1941-

Calvo, Guillermo A.

Calvo, Guillermo Antonio 1941-

Guillermo Calvo Argentijns econoom

Guillermo Calvo Argentine-American economist

Guillermo Calvo argentinischer Wirtschaftswissenschaftler

Кальво, Гильермо американский экономист аргентинского происхождения

伽利莫 安东尼 卡沃 拉美著名经济学家

伽利莫 安东尼 卡沃 拉美知名经济学家

Languages
English (174)

Covers
Financial sector reforms and exchange arrangements in Eastern EuropeEmerging capital markets in turmoil : bad luck or bad policyPrivate capital flows to emerging markets after the Mexican crisisMoney, crises, and transition : essays in honor of Guillermo A. CalvoThe debt burden and its consequences for monetary policy : proceedings of a conference held by the International Economic Association at the Deutsche Bundesbank, Frankfurt, GermanyThe debt burden and its consequences for monetary policy : proceedings of a conference held by the International Economic Association at the Deutsche Bundesbank, Frankfurt, Germany