Lessons of Monetary Policy in Latin America

  • Nikolay Karagodin
Part of the International Political Economy Series book series (IPES)


This chapter examines the strategies and results of monetary policy in Latin American countries during the last two decades. These decades were a crucial period for the economies of the region as many of them suffered from diverse external shocks and a deep economic crisis. A steep increase in net transfers abroad caused by the external debt problems of the 1980s (in a number of cases combined with a legacy of overexpansionary financial policies in previous periods) produced, in many countries, serious financial disruption.


Exchange Rate Monetary Policy Real Wage Money Supply Budget Deficit 
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© Palgrave Macmillan, a division of Macmillan Publishers Limited 1996

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  • Nikolay Karagodin

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