Exchange Rate Based Stabilization in Argentina and Chile

Author	: Miguel Alberto Kiguel
Publisher	: World Bank Publications
Total Pages	: 38
Release	: 1994
ISBN-10	: 9787071614114
ISBN-13	: 7071614113
Rating	: 4/5 (14 Downloads)

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Book Synopsis Exchange Rate Based Stabilization in Argentina and Chile by : Miguel Alberto Kiguel

Download or read book Exchange Rate Based Stabilization in Argentina and Chile written by Miguel Alberto Kiguel and published by World Bank Publications. This book was released on 1994 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Exchange- rate- based stabilization programs supported by a sustained fiscal adjustment generally reduced long- term inflation. Success was not easy, however, because rigid adherence to the exchange rate rule many times resulted in strong overvaluation of the currency and balance- of- payments problems before stabilization was finally secured.

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