Exchange-rate-based stabilization in Argentina and Chile : a fresh look (English)

Exchange-rate-based stabilization is designed to reduce inflation by using the exchange rate as the main nominal anchor. This does not necessarily mean a fixed exchange rate. A crawling peg with a low rate of depreciation or a pre-announced gradual reduction in the rate of devaluation are alternative ways to use the exchange rate as a nominal anchor. Exchange-rate-based stabilization (ERBS) has been widely used in the high-inflation economies of Latin...

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Author

Kiguel,Miguel Alberto;

Liviatan,Nissan;
Document Date
1994/07/31
Document Type
Policy Research Working Paper
Report Number
WPS1318
Volume No
1
Total Volume(s)
1
Country
Mexico, Chile, Argentina, Israel,
Region
Middle East and North Africa, Latin America and Caribbean,
Disclosure Date
2010/07/01
Doc Name
Exchange-rate-based stabilization in Argentina and Chile : a fresh look
Keywords
inflation

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Citation

Kiguel,Miguel Alberto; Liviatan,Nissan.

Exchange-rate-based stabilization in Argentina and Chile : a fresh look (English). Policy, Research working paper ; no. WPS 1318 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/983071468742810460

Exchange-rate-based stabilization in Argentina and Chile : a fresh look (English)

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