You are here

Available in: English

Exchange rate regimes and macroeconomic performance in Argentina, Brazil and Mexico

August 2005 | CEPAL Review
Author:
Reisen, Helmut - Grandes, Martín
Signature:
LC/G.2282-P
Pages:
p. 7-26
Type:
CEPAL Review
Collection:
    • Periodicals
      • Periodicals

Description

This paper deals with the ways in which the exchange rate regimes
of Argentina, Brazil and Mexico shaped the macroeconomic
performance of those countries over the period 1994-2003. The purpose of the analysis is to draw lessons for Latin American and other countries on whether and how the choice of the exchange rate regime can help sustained growth. As it is impossible to isolate the growth effect of the exchange rate regime in a comparative country study, the paper emphasises those macro variables that have been identified in the theoretical and empirical literature as important channels through which the choice of exchange rate regime affects economic performance,
namely, investment, trade openness, capital flows and fiscal or
institutional rigidities./

Read publication

86007026I_en.pdf

EN | PDF, 112 KB

Subscription

Get ECLAC updates by email

Subscribe