Exchange rate based stabilization : tales from Europe and Latin America (English)

There is convincing empirical evidence that the cycle for exchange-rate-based disinflation in high-inflation Latin American economies typically begins with expansion and ends in recession - a surprising pattern. The authors explore whether a similar cycle can be observed in exchange-rate-based disinflation in low-inflation economies. They draw on empirical evidence from stabilizaton programs in three European countries in the early 1980s: in Denmark...

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Author

Ades, Alberto F.;

Kiguel, Miguel;

Liviatan, Nissan;
Document Date
1993/02/28
Document Type
Policy Research Working Paper
Report Number
WPS1087
Volume No
1
Total Volume(s)
1
Country
Latin America, Caribbean, Europe,
Region
Europe and Central Asia, Latin America and Caribbean,
Disclosure Date
2010/07/01
Doc Name
Exchange rate based stabilization : tales from Europe and Latin America
Keywords
Exchange Rates

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Citation

Ades, Alberto F.; Kiguel, Miguel; Liviatan, Nissan.

Exchange rate based stabilization : tales from Europe and Latin America (English). Policy, Research working papers ; no. WPS 1087. Transition and macro - adjustment Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/643451468770970477

Exchange rate based stabilization : tales from Europe and Latin America (English)

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