Money, Exchange Rates, and Output

Guillermo Calvo foresaw the financial crisis that followed the devaluation of Mexico's peso. 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 since the mid-1970s. There are introductions to each section, and an introduction to the entire collection that outlines the connections throughout and surveys the current state of macroeconomic theory.