Vol. 14 No. 4 (1994)
Oct-Dec / 1994
Published October 1, 1994
How to Cite
Jr., José Tavares de Araújo. 1994. “The Latin-American Monetary System After the End of Inflation”. Brazilian Journal of Political Economy 14 (4):632-42. https://doi.org/10.1590/0101-31571994-0810.
The latin-american monetary system after the end of inflation
Abstract
This paper discusses three interdependent topics. The first is that the economic
reforms implemented in Latin America after the mid-1980s were not sufficient to ensure
exchange rate stability in the region. The second is that there are favorable conditions to
start the process of macroeconomic convergence between Latin American countries. The
third topic refers to the strategic role to be played by Argentina, Brazil, Canada, and Mexico
as reducing the degree of asymmetry generated by the presence of the American economy.
JEL Classification: O43; F31; E58.
Keywords: Economic growth Exchange rate regime central bank