A Concise History of Exchange Rate Regimes in Latin America
Fil: Rapetti, Martín. CEDES. Centro de Estudio de Estado y Sociedad, Área de Economía. Consejo Nacional de Investigaciones Científicas y Técnicas (CONICET); Argentina
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Universidade Federal do Rio Grande do Sul Editora
2021
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Acceso en línea: | https://lume.ufrgs.br/handle/10183/184838 http://repositorio.cedes.org/handle/123456789/4615 |
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I61-R167-123456789-46152025-04-12T15:45:58Z A Concise History of Exchange Rate Regimes in Latin America Rapetti, Martín Frenkel, Roberto América Latina Desarrollo Económico 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 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. 2021-02-24T23:44:28Z 2021-02-24T23:44:28Z 2018 Parte de Libro info:eu-repo/semantics/acceptedVersion https://creativecommons.org/licenses/by-nc-nd/4.0/ info:eu-repo/semantics/bookPart info:ar-repo/semantics/parte de libro 978-85-386-0339-9 https://lume.ufrgs.br/handle/10183/184838 http://repositorio.cedes.org/handle/123456789/4615 eng Licencia Creative Commons Atribución-Sin Derivados 4.0 Internacional (CC BY-ND 4.0) info:eu-repo/semantics/openAccess application/pdf Universidade Federal do Rio Grande do Sul Editora Estado, Sociedade e Mercado: Novas Perspectivas de Desenvolvimento |
institution |
Centro de Estudios de Estado y Sociedad (CEDES) |
institution_str |
I-61 |
repository_str |
R-167 |
collection |
Respositorio Digital CRIS del CEDES - Centro de Estudios de Estado y Sociedad |
language |
Inglés |
topic |
América Latina Desarrollo Económico |
spellingShingle |
América Latina Desarrollo Económico Rapetti, Martín Frenkel, Roberto A Concise History of Exchange Rate Regimes in Latin America |
topic_facet |
América Latina Desarrollo Económico |
description |
Fil: Rapetti, Martín. CEDES. Centro de Estudio de Estado y Sociedad, Área de Economía. Consejo Nacional de Investigaciones Científicas y Técnicas (CONICET); Argentina |
format |
Parte de Libro acceptedVersion https://creativecommons.org/licenses/by-nc-nd/4.0/ Parte de libro Parte de libro |
author |
Rapetti, Martín Frenkel, Roberto |
author_facet |
Rapetti, Martín Frenkel, Roberto |
author_sort |
Rapetti, Martín |
title |
A Concise History of Exchange Rate Regimes in Latin America |
title_short |
A Concise History of Exchange Rate Regimes in Latin America |
title_full |
A Concise History of Exchange Rate Regimes in Latin America |
title_fullStr |
A Concise History of Exchange Rate Regimes in Latin America |
title_full_unstemmed |
A Concise History of Exchange Rate Regimes in Latin America |
title_sort |
concise history of exchange rate regimes in latin america |
publisher |
Universidade Federal do Rio Grande do Sul Editora |
publishDate |
2021 |
url |
https://lume.ufrgs.br/handle/10183/184838 http://repositorio.cedes.org/handle/123456789/4615 |
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