Zu Beginn dieses Jahres befand sich Brasilien mit monatlichen Inflationsraten von über 14 vH am Rande einer Hyperinflation. Am 28. Februar 1986 hat die brasilianische Regierung mit dem sogenannten Cruzado-Plan der Inflation und Spekulation den "Kampf auf Leben und Tod" angegesagt. Mit dem...

Argentina's economic development over the last thirty years has been dominated by very high and variable inflation rates. There is widespread agreement that the financial sector is most seriously affected by persistent inflation. This was also true for Argentina. Due to interest rate ceilings...

This paper focusses on the development of the financial sector under conditions of high inflation. It begins with a description of the Argentine financial sector (Section II) and then reviews three distinct periods of financial policies since the early 1970s (Section III) . In the following...

Comparing inflation rates internationally, one finds a number of Latin American countries in the lead. Therefore, when investigating inflation in LDCs, it has become common practice to refer to these countries as prime examples. Mainly two theories have been put forward to explain Latin American...

This paper focusses on the reasons of the poor performance of domestic resource mobilization in Peru. It begins with an analysis of the structure of domestic savings and its changes in the course of economic development (Section II) . After the description of the Peruvian financial sector...