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Books > Business & Economics > Economics > Macroeconomics
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Monetary Policy and Macroeconomic Stabilization in Latin America (Paperback, Softcover reprint of hardcover 1st ed. 2005)
Loot Price: R4,228
Discovery Miles 42 280
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Monetary Policy and Macroeconomic Stabilization in Latin America (Paperback, Softcover reprint of hardcover 1st ed. 2005)
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Donate to Against Period Poverty
Total price: R4,238
Discovery Miles: 42 380
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Latin America is a very important region of the globe, which has
been buffeted by successive waves of economic instability within
the last decades. These waves have caused several episodes of
hyperinflation or near hyperinflation, and several currency and
financial crises, which, in certain moments, have even spilled over
and affected other emerging markets. This has resulted in huge
costs in terms of lost potential growth, and, as is inevitable, the
markets most affected by this have been the least capable of
defending themselves. In a region plagued by still considerable
rates of social exclusion, with some of the highest rates of income
concentration in the whole globe, the human costs of these crises
have been very substantial. Starting in the early 1990s, the slow
implementation of reforms, plus the resumption of more sustained
growth-to a substantial degree linked to the increase in commodity
prices, especially since the early 2000s-seems to have resulted in
a more stable situation. Initially, in early reformers like Chile,
later in the larger economies of the region, like Brazil and
Mexico, a consensus- embraced by both sides of the political
spectrum-towards integration in global markets, both in their trade
and financial components, floating exchange rates, independent
monetary authorities, and sustainable fiscal policies has emerged.
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