A Comparison of Currency Crises Between Asia and Latin America

Koichi Hamada

Chapter 1 in Latin American Economic Crises, 2004, pp 3-23 from Palgrave Macmillan

Abstract: Abstract Within a month of inviting me to contribute to the XIIth IEA Congress Rolf Mantel departed from us forever. In the early 1960s when I came to Yale from Japan, I met many impressive graduate students. Yet Rolf’s was the most brilliant, analytical mind. He was truly a star in the econometric class of John Hooper and the mathematical economics class of Herbert Scarf. Intellectually challenging problems presented no difficulty for Rolf. Ann Maria, his gracious and brilliant wife, was also in our class, and we all admired his talents, and his calm, thoughtful attitude towards economics. In his letter of invitation, Rolf referred to the problem of endogenous rates of time preference — a topic in which I also am interested. We promised, in vain, to discuss the question in Buenos Aires. The question of the variable time preference for developing nations indicated the intersection of his deep analytical insight of this non-concave optimization problem on the one hand, and his human concern with people in developing nations who struggle to save for the future on the other. May his soul rest in peace!

Keywords: Exchange Rate; Gross Domestic Product; International Monetary Fund; Current Account; External Debt (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-4039-4385-9_1

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DOI: 10.1057/9781403943859_1

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