Authoritarian governments and exchange rate policy in Latin American countries

Vol. 26 No. 3 (2006)

Jul-Sep / 2006
Published July 1, 2006
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Lucinda, Cláudio Ribeiro, and Paulo Roberto Arvate. 2006. “Authoritarian Governments and Exchange Rate Policy in Latin American Countries”. Brazilian Journal of Political Economy 26 (3):323-44. https://centrodeeconomiapolitica.org/repojs/index.php/journal/article/view/603.
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Authoritarian governments and exchange rate policy in Latin American countries

Cláudio Ribeiro Lucinda
Professor da FGV/EAESP e EESP, Rua Itapeva, 474, São Paulo
Paulo Roberto Arvate
Professor da FGV/EAESP e EESP, Rua Itapeva, 474, São Paulo.
Brazilian Journal of Political Economy, Vol. 26 No. 3 (2006), Jul-Sep / 2006, Pages 323-344

Abstract

 Our aim on this paper is to identify the exchange rate policies used by Authoritarian governments in Latin America during the seventies and eighties. The literature shows that the focus of the exchange rate policy was on inflation control, which was not consistent with the evidence. We show on this paper that these governments aimed at a undervalued currency because of the behavior of the external balance of the countries.

JEL Classification: N16, F41, H19.


Keywords: exchange rates Latin America political institutions