Macroeconomic Stabilization in Latin America: Recent Experience and Some Sequencing Issues / Sebastian Edwards.

Format:

Book

Author/Creator:

Edwards, Sebastian.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w4697.

NBER working paper series no. w4697

Language:

English

Subjects (All):

Economic stabilization--Latin America.

Economic stabilization.

Macroeconomics.

Flow of funds.

Commercial policy.

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Macroeconomic Stabilization in Latin America

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 1994.

Cambridge, MA : National Bureau of Economic Research, 1994.

Summary:

This paper reviews the experience of Latin American countries with structural reforms, and discusses the relationship between macroeconomic stabilization and trade liberalization programs undertaken in the region since the early 1980s. The problem of sequencing of stabilization and structural reforms is analyzed with detail. First from a theoretical perspective, second, reviewing the stabilization programs implemented in Latin America on a case by case basis. Particular emphasis is given to the analysis of the fiscal consequences of the chosen sequencing, as well as its impact on the evolution of domestic savings and investment, and on foreign investment. The final part of the paper concentrates on the behavior of real exchange rates during the stabilization programs and its relationship with trade reforms.

Notes:

Print version record

April 1994.