Most widely held works by Pierre-Richard Agénor
Development macroeconomics by Pierre-Richard Agénor ( Book )
19 editions published between 1995 and 2008 in English and Chinese and held by 763 libraries worldwide
In the past, macroeconomic approaches to developing countries were divided into ideologically charged "monetarist" or "structuralist" categories. But in recent years a vast literature has treated developing and, now, transitional economies with the analytical tools of modern macroeconomics. Presenting this new work in a unified way that underscores the similarities as well as the differences among countries is the agenda accomplished in this book. Agenor and Montiel include extensive empirical material describing the characteristics of developing countries today. They identify several crucial ways in which these aforesaid countries are different from the advanced economies treated in more traditional textbooks.
Capital-market imperfections and the macroeconomic dynamics of small indebted economies by Pierre-Richard Agénor ( Book )
8 editions published in 1997 in English and held by 413 libraries worldwide
Parallel currency markets in developing countries : theory, evidence, and policy implications by Pierre-Richard Agénor ( Book )
9 editions published between 1990 and 1992 in English and held by 409 libraries worldwide
The paper reviews recent theoretical and empirical developments in the analysis of informal currency markets in developing countries. The basic characteristics of these markets are highlighted, and alternative analytical models to explain them are discussed. The implications for exchange rate policy--including imposition of foreign exchange restrictions, devaluation, and unification of exchange markets--in countries with a sizable parallel market are also examined.
The Asian financial crisis : causes, contagion and consequences ( Book )
14 editions published between 1999 and 2006 in English and Undetermined and held by 373 libraries worldwide
The economics of adjustment and growth by Pierre-Richard Agénor ( Book )
11 editions published between 1999 and 2004 in English and held by 311 libraries worldwide
Informal financial markets in developing countries : a macroeconomic analysis by Peter Montiel ( Book )
3 editions published in 1993 in English and Undetermined and held by 217 libraries worldwide
Adjustment policies, poverty, and unemployment : the IMMPA framework ( Book )
6 editions published between 2006 and 2007 in English and held by 207 libraries worldwide
A class of Computable General Equilibrium models, IMMPAs are designed to analyze the impact of adjustment policies on unemployment figures and poverty, particularly in the developing world. This book details the history and uses of these models, as well as points to future developments for their utilization.
Volatility and the welfare costs of financial market integration by Pierre-Richard Agénor ( Book )
10 editions published in 1998 in English and No Linguistic content and held by 109 libraries worldwide
Contagion, bank lending spreads, and output fluctuations by Pierre-Richard Agénor ( Book )
12 editions published between 1998 and 1999 in English and No Linguistic content and held by 107 libraries worldwide
A positive historical shock to external spreads can lead to an increase in domestic spreads and a reduction in the cyclical component of output. Shocks to external spreads immediately after the Mexican peso crisis had a sizable effect on movements in output and domestic interest rate spreads in Argentina.
Contagion and volatility with imperfect credit markets by Pierre-Richard Agénor ( Book )
13 editions published in 1997 in English and No Linguistic content and held by 96 libraries worldwide
Macroeconomic adjustment with segmented labor markets by Pierre-Richard Agénor ( Book )
11 editions published in 1994 in English and held by 92 libraries worldwide
The credit crunch in East Asia : what can bank excess liquid assets tell us by Pierre-Richard Agénor ( Book )
13 editions published in 2000 in English and held by 92 libraries worldwide
A two-step approach is used to assess the extent to which the credit crunch in East Asia was supply- or demand-driven. The results for Thailand suggest that the contraction in bank lending that accompanied the crisis was the result of supply factors.
Savings and the terms of trade under borrowing constraints by Pierre-Richard Agénor ( Book )
14 editions published in 2000 in English and No Linguistic content and held by 91 libraries worldwide
When households face the possibility of borrowing constraints in bad times, favorable movements in the permanent component of the terms of trade may lead to higher rates of private savings.
Wage dispersion and technical progress by Pierre-Richard Agénor ( Book )
6 editions published in 1996 in English and No Linguistic content and held by 80 libraries worldwide
Speculative attacks and models of balance-of-payments crises by Pierre-Richard Agénor ( Book )
10 editions published in 1991 in English and held by 74 libraries worldwide
This paper reviews recent developments in the theoretical and empirical analysis of balance-of-payments crises. A simple analytical model highlighting the process leading to such crises is first developed. The basic framework is then extended to deal with a variety of issues, such as: alternative post-collapse regimes, uncertainty, real sector effects, external borrowing and capital controls, imperfect asset substitutability, sticky prices, and endogenous policy switches. Empirical evidence on the collapse of exchange rate regimes is also examined, and the major implications of the analysis for macroeconomic policy discussed.
Financial sector inefficiencies and coordination failures : implication for crisis management by Pierre-Richard Agénor ( Book )
7 editions published in 1999 in English and No Linguistic content and held by 74 libraries worldwide
"This paper analyzes the implication of inefficient financial intermediation for crisis management in a country where firms are highly-indebted. The analysis is based on a model in which firms rely on bank credit to finance their working capital needs and lenders face high state verification and enforcement costs of loan contracts. The analysis shows that higher contract enforcement and verification costs, lower expected productivity, or higher volatility, may shift the economy to the wrong side of the debt Laffer curve, with potentially sizable employment and output losses. The main implication of this analysis for the current policy debate on crisis management is [i.e. in?] East Asia is that dept [i.e. debt] reduction, in addition to debt rescheduling, may be required as part of the process of reducing financial sector inefficiences"--Abstract.
Macroeconomic fluctuations in developing countries : some stylized facts by Pierre-Richard Agénor ( Book )
10 editions published between 1998 and 2000 in English and held by 42 libraries worldwide
Aid volatility and poverty traps by Pierre-Richard Agénor ( Book )
4 editions published in 2007 in English and held by 42 libraries worldwide
This paper studies the impact of aid volatility in a two-period model where production may occur with either a traditional or a modern technology. Public spending is productive and "time to build" requires expenditure in both periods for the modern technology to be used. The possibility of a poverty trap induced by high aid volatility is first examined in a benchmark case where taxation is absent. The analysis is then extended to account for self insurance (taking the form of a first-period contingency fund) financed through taxation. An increase in aid volatility is shown to raise the optimal contingency fund. But if future aid also depends on the size of the contingency fund (as a result of a moral hazard effect on donors' behavior), the optimal policy may entail no self insurance.
Financial sector inefficiencies and coordination failures : implications for crisis management by Pierre-Richard Agénor ( Book )
4 editions published in 1999 in English and held by 36 libraries worldwide
In a country where financial intermediation is highly inefficient (with the enforcement costs of loan contracts very high, for example), or in one experiencing great volatility and large adverse shocks in output, the likelihood of an inefficient equilibrium is great. In East Asia it may be in the interests of both debtors and creditors to collectively reduce the face value of debt, to reduce inefficiencies in the financial sector.
Monetary policy under flexible exchange rates : an introduction to inflation targeting by Pierre-Richard Agénor ( Book )
9 editions published between 2000 and 2001 in English and held by 30 libraries worldwide
Africa, Sub-Saharan Argentina Asia Balance of payments--Econometric models Bank liquidity Bank loans Bank loans--Econometric models Bank reserves Capital market--Econometric models Capital market--Mathematical models Capital movements Capital movements--Econometric models Credit--Econometric models Debt relief Debts, External--Mathematical models Default (Finance)--Econometric models Developing countries Development economics East Asia Economic development Economic history Economic policy--Econometric models Finance--Econometric models Financial crises Financial crises--Econometric models Foreign exchange Foreign exchange--Econometric models Foreign exchange rates Foreign exchange rates--Econometric models Inflation (Finance) Informal sector (Economics)--Econometric models Interest rates--Econometric models Intermediation (Finance) Intermediation (Finance)--Econometric models International finance Labor market Macroeconomics Macroeconomics--Econometric models Money supply--Econometric models Poverty Poverty--Econometric models Prime rate--Econometric models Production functions (Economic theory) Saving and investment Structural adjustment (Economic policy) Structural adjustment (Economic policy)--Econometric models Terms of trade Thailand Unemployment Unemployment--Econometric models
Agénor, P. R.
Agénor, P.-R. 1957-
Agénor, P. R. (Pierre-Richard)