The Real Plan: Stabilization and destabilization

The paper analyzes Brazil's Real Plan, an exchange-rate based stabilization program, implemented in 1994, which mixed a spectacular price stabilization with some serious macroeconomic destabilization. The paper focuses on two of these imbalances: the consumption boom and the financial destabilization; showing that the former represented nothing the reverse side of a collapsed investment boom, which, in turn, led to the financial (banking) crisis. We hold that these instabilities were produced by a policy arrangement in which monetary and fiscal policies alone had to compensate for a largely appreciated, almost fixed, exchange rate anchor. (C) 2000 Elsevier Science Ltd. All rights reserved.

Preliminary Overview of the Economies of Latin America and the Caribbean 2009

Includes bibliography

Economic Survey of Latin America and the Caribbean 2003-2004

Includes bibliography

Economic Survey of Latin America and the Caribbean 2004-2005

Includes bibliography

Economic Survey of Latin America and the Caribbean 2009-2010: The distributive impact of public policies

Includes bibliography

Cambio estructural para la igualdad: una visión integrada del desarrollo. Trigésimo cuarto período de sesiones de la CEPAL.

Prólogo de la Sra. Alicia Bárcena, Secretaria Ejecutiva de CEPAL

Structural change for equality: an integrated approach to development. Thirty-four session of ECLAC

Spanish version available

A preliminary assessment of the policies implemented by the governments of Latin America and the Caribbean in response to the crisis - May 2010 Meeting

Includes bibliography

Tax performance and reform in the Organization of Eastern Caribbean States (OECS)

Includes bibliography

Globalization of financial markets: implications for the Caribbean

Includes bibliography

Potential output in Latin America: a standard approach for the 1950-2002 period

Includes bibliography

Foreign investment in Mexico after economic reform

Includes bibliography

Economic Survey of the Caribbean 2011-2012: positive growth amidst lingering downside risks

Includes bibliography

Preliminary overview of the economies of the Caribbean 2012-2013

Includes bibliography

Andean exchange-rate regimes, 1994-2003: a brief for stable but flexible" regimes"

Includes bibliography