Publication:
A Concise History of Exchange Rate Regimes in Latin America

Simple item page
dc.contributor.authorFrenkel, Roberto
dc.contributor.authorRapetti, Martin
dc.contributor.departmentCentro de Estudios de Estado y Sociedad (CEDES)
dc.contributor.departmentUniversity of Massachusetts Amherst
dc.date2023-09-22T21:07:50.000
dc.date.accessioned2024-04-26T16:32:26Z
dc.date.available2024-04-26T16:32:26Z
dc.date.issued2010-01-01
dc.description.abstractThe 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.
dc.identifier.doihttps://doi.org/10.7275/1297519
dc.identifier.urihttps://hdl.handle.net/20.500.14394/22413
dc.relation.urlhttps://scholarworks.umass.edu/cgi/viewcontent.cgi?article=1096&context=econ_workingpaper&unstamped=1
dc.source.issue2010-01
dc.source.statuspublished
dc.subjectLatin America
dc.subjectexchange rate regimes
dc.subjectreal exchange rate
dc.subjectinflation targeting
dc.subjectEconomics
dc.titleA Concise History of Exchange Rate Regimes in Latin America
dc.typearticle
dc.typearticle
digcom.contributor.authorisAuthorOfPublication|email:frenkel@cedes.org|institution:Centro de Estudios de Estado y Sociedad (CEDES)|Frenkel, Roberto
digcom.contributor.authorisAuthorOfPublication|email:mrapetti@econs.umass.edu|institution:University of Massachusetts Amherst|Rapetti, Martin
digcom.identifierecon_workingpaper/97
digcom.identifier.contextkey1297519
digcom.identifier.submissionpathecon_workingpaper/97
dspace.entity.typePublication
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
2010_01.pdf
Size:
413.44 KB
Format:
Adobe Portable Document Format
Thumbnail Image
Name: 2010_01.pdf
Size: 413.44 KB
Kind: Adobe PDF
Collections
Economics Department Working Paper Series