Background
Edwards, Sebastian was born on August 16, 1953 in Santiago, Chile. Came to the United States, 1977. Son of Hernan Edwards and Magdalena Figueroa.
( Real Exchange Rates, Devaluation, and Adjustment provi...)
Real Exchange Rates, Devaluation, and Adjustment provides a unified theoretical and empirical investigation of exchange rate policy and performance in scores of developing countries. It develops a theory of equilibrium and disequilibrium real exchange rates, takes up the question of why devaluations are the most controversial policy measures in poorer nations, and discusses what determines their success or failure. In a lucid fashion, Edwards organizes vast amounts of data on exchange rates - both real and nominal - and discusses their effect on net trade balances, net asset positions, output growth, real wages, and rates of price inflation, analyzed both in time series and through cross country comparisons. Edwards's investigation singles out 39 major devaluation episodes for before and after comparative analyses while simultaneously isolating the separate effects of other important explanatory variables, such as bank credit expansion and changes in the terms of trade. The first part of the book focuses on theoretical models of devaluation and real exchange rate behavior in less developed countries. Special attention is paid to intertemporal channels in the transmission of disturbances. The second part uses a large cross country data set to analyze the way the real exchange rate has behaved in these nations. The data are also used to test the implications of several theories of real exchange rate determination. The third part analyzes actual devaluation experiences between 1962 and 1982. These chapters examine the events leading to a balance of payments crisis and to a devaluation, exploring the relation between macroeconomic disequilibrium, and the imposition of trade and exchange controls. They also investigate the effect of nominal devaluation on key variables such as the balance of payments, the current account, the real exchange rate, real output real wages, and income distribution.
http://www.amazon.com/gp/product/0262519011/?tag=2022091-20
( The successes and failures of free market policy in Chi...)
The successes and failures of free market policy in Chile, implemented in 1973 under the guidance of economists trained at the University of Chicago, are clearly explained in this well-written study. The authors argue that it was a combination of misjudgments, including important policy errors, that led to the collapse of the Chilean economy. "The Edwards's book is an indispensable guide to the policy reforms and mistakes that have taken the Chilean economy to its present state."—Philip L. Brock, Money, Credit, and Banking "This book is a 'must' for anybody interested in development economies and the problems of liberalization."—Hansjorg Blochliger, Journal of International Economics
http://www.amazon.com/gp/product/0887301053/?tag=2022091-20
Edwards, Sebastian was born on August 16, 1953 in Santiago, Chile. Came to the United States, 1977. Son of Hernan Edwards and Magdalena Figueroa.
Licenciado, Catholic University Chile, 1975. Master of Arts, University Chicago, 1978. Doctor of Philosophy, University Chicago, 1981.
Research fellow, Catholic U., Santiago, 1975-1977;
senior economist, Empresas BHC, Santiago, 1976-1977;
consultant, World Bank, Washington, since 1982;
research associate, National Bureau Economics Research, Cambridge, Massachusetts, since 1983;
professor, University of California at Los Angeles, since 1981;
Henry Ford II professor international business economics Anderson Graduate School Management, University of California at Los Angeles, since 1990;
chief economist Latin American, Caribbean, World Bank, University of California at Los Angeles, since 1993. Senior research fellow Institute for Policy Reform, Washington. Consultant World Bank, washington, since 1982, International Monetary Fund, 1984, 87, 88, Organization of European Cooperation and Development, Paris, 1989, Agency for International Development, 1990-1991, New Zealand Treasury, 1990, Bolivian Government, 1990, Centre Bank Costa Rica, Centre Bank Colombia, also several corporations.
Programs associate Overseas Development Council. Advisor Indonesia, Korea, Guatemala, DominicanRepublic, Colombia, Chile, Hondura, Costa Rica, Morocco, Tanzania, Nicaragua, New Zealand. Visiting professor Institut für Weltwirtschaft und Universitat, Kiel, Germany.
Co-director Inter-American Seminar Economics.
( The successes and failures of free market policy in Chi...)
( The successes and failures of free market policy in Chi...)
( Real Exchange Rates, Devaluation, and Adjustment provi...)
(Book by Edwards, Professor Sebastian)
Member American Economics Association, Canada Economics Association.
Married Alejandra Cox, August 27, 1976. Children: Magdalena, Benjamin, Victoria.