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Many of the rules that govern labor markets in Latin America (and elsewhere) raise labor costs, create barriers to entry, and introduce rigidities in the employment structure.

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The essays collected in this volume discuss the impact of increased capital mobility on macroeconomic performance.

The essays collected in this volume discuss the impact of increased capital mobility on macroeconomic performance.

Economists and policymakers are still trying to understand the lessons of recent financial crises in emerging markets. In this volume, academics, public officials, and economists explore the causes of and effective policy responses to international currency crises.Topics covered include exchange rate regimes, contagion, the current account of the balance of payments, the role of private sector investors and of speculators, the reaction of the ...

The complex anatomy of this 'first economic crisis of the 21st century' is here examined--in sometimes sharply divergent perspectives--by a distinguished international group that includes ex-ministers, financial market participants, leading political scientists and economists, and senior officials from the World Bank, the IMF, and the Inter-American Development Bank.

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