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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Autores principales: Rapetti, Martín, Frenkel, Roberto
Formato: Parte de Libro acceptedVersion https://creativecommons.org/licenses/by-nc-nd/4.0/ Parte de libro
Lenguaje:Inglés
Publicado: 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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spelling 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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