Abstract
This chapter examines the strategies and results of monetary policy in Latin American countries during the last two decades. These decades were a crucial period for the economies of the region as many of them suffered from diverse external shocks and a deep economic crisis. A steep increase in net transfers abroad caused by the external debt problems of the 1980s (in a number of cases combined with a legacy of overexpansionary financial policies in previous periods) produced, in many countries, serious financial disruption.
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© 1996 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Karagodin, N. (1996). Lessons of Monetary Policy in Latin America. In: McMahon, G. (eds) Lessons in Economic Policy for Eastern Europe from Latin America. International Political Economy Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-24370-9_5
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DOI: https://doi.org/10.1007/978-1-349-24370-9_5
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