Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/64221 
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dc.contributor.authorFrenkel, Robertoen
dc.contributor.authorRapetti, Martinen
dc.date.accessioned2012-09-25T07:19:13Z-
dc.date.available2012-09-25T07:19:13Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/64221-
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.en
dc.language.isoengen
dc.publisher|aUniversity of Massachusetts, Department of Economics |cAmherst, MAen
dc.relation.ispartofseries|aWorking Paper |x2010-01en
dc.subject.jelF41en
dc.subject.jelN16en
dc.subject.jelF31en
dc.subject.ddc330en
dc.subject.keywordLatin Americaen
dc.subject.keywordexchange rate regimesen
dc.subject.keywordreal exchange rateen
dc.subject.keywordinflation targetingen
dc.titleA concise history of exchange rate regimes in Latin America-
dc.typeWorking Paperen
dc.identifier.ppn632159782en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:ums:papers:2010-01en

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