Do populismo às bandas cambiais: a evolução da política cambial no Chile de 1970 a 1999

Revista de Economia Política

Patrícia Helena F. Cunha²  Paulo Gala¹ 

[1] ,Pontifícia Universidade Católica Departamento de Economia São Paulo

关键词: exchange rate policy;    exchange rate levels;    crawling bands;    Chile;   

DOI  :  10.1590/S0101-31572009000300003

来源: SciELO

【 摘 要 】

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.

【 授权许可】

CC BY   
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