Deja Vu All Over Again? the Mexican Crisis and the Stabilization of Uruguay in the 1970's

Deja Vu All Over Again? the Mexican Crisis and the Stabilization of Uruguay in the 1970's
Comparing the 1978-82 Uruguayan stabilization with the 1990-94 Mexican experience reveals that exchange rate based stabilization tends to increase the economy's vulnerability to unexpected shocks. An exchange rate rule, with full capital mobility, can only succeed if compatible financial policies are strictly adhered to--even when severe... READ MORE...

Publication date: July 1996
ISBN 9781451955545
$15.00

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