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Título : A Concise History of Exchange Rate Regimes in Latin America
Autor : Rapetti, Martín 
Frenkel, Roberto 
Palabras clave : América Latina;Desarrollo Económico
Fecha de publicación : 2018
Editorial : Universidade Federal do Rio Grande do Sul Editora
Resumen : The paper analyzes exchange rate regimes implemented by the major Latin American countries since the Second World War, with special attention on the period of the second globalization process beginning in the 1970s. The analysis follows a historical narrative aiming to provide an understanding of the domestic and external circumstances in which various regimes were adopted. A simple conceptual framework is developed in order to emphasize how the exchange rate regime may affect key nominal and real variables in a small open economy. After an overview of the main trends followed by the major countries in the region over the last 60 years, the paper focuses on regimes that were implemented 1) with stabilization purposes (nominal anchors) and 2) with the aim of targeting the level of the real exchange rate. These two sections analyze in greater detail some experiences illustrating the pros and cons of both strategies. The paper closes with an assessment about exchange rate experiences in Latin America.
Descripción : Fil: Rapetti, Martín. CEDES. Centro de Estudio de Estado y Sociedad, Área de Economía. Consejo Nacional de Investigaciones Científicas y Técnicas (CONICET); Argentina
Fil: Frenkel, Roberto. CEDES. Centro de Estudio de Estado y Sociedad, Área de Economía; Argentina
Serie o Congreso: Estado, Sociedade e Mercado: Novas Perspectivas de Desenvolvimento
ISBN : 978-85-386-0339-9
Appears in Collections:Capítulos de libro

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