Location of Repository

Do populismo às bandas cambiais: a evolução da política cambial no Chile de 1970 a 1999 From populism to exchange rate bands: the evolution of exchange rate policy in Chile from 1970 to 1999

By Patrícia Helena F. Cunha and Paulo Gala

Abstract

<abstract language="eng">We discuss in this paper the evolution of exchange rate policy in Chile since the seventies, with special attention to overvaluation and undervaluation cycles. Following a recent literature that argues in favor of competitive currencies as part of a development strategy, we argue that the Chilean exchange rate policy in the years that go from 1984 until 1999 were very important to its growth results. Chile even managed to go through the nineties without a major external crisis, especially when compared to its Latin American neighbors. We argue here that the exchange rate crawling band adopted in the middle eighties and nineties was important for its growth strategy

Topics: exchange rate policy, exchange rate levels, crawling bands, Chile, Economic theory. Demography, HB1-3840, Social Sciences, H, DOAJ:Economics, DOAJ:Business and Economics, Political science (General), JA1-92, Political science, J, DOAJ:Political Science, DOAJ:Law and Political Science, Economics as a science, HB71-74
Publisher: Editora 34
Year: 2009
DOI identifier: 10.1590/S0101-31572009000300003
OAI identifier: oai:doaj.org/article:28fc90883061438e9245fa3e59854c1c
Journal:
Download PDF:
Sorry, we are unable to provide the full text but you may find it at the following location(s):
  • https://doaj.org/toc/1809-4538 (external link)
  • https://doaj.org/toc/0101-3157 (external link)
  • http://www.scielo.br/scielo.ph... (external link)
  • https://doaj.org/article/28fc9... (external link)
  • Suggested articles


    To submit an update or takedown request for this paper, please submit an Update/Correction/Removal Request.