This paper examines the latest stabilization effort in Argentina, the Cavallo Plan. The analytical framework is the tradeable-non tradeable textbook model, extended to the effect of real wages on aggregate demand. A Phillips-curve description of inflation is also included. It is shown that, by...

This article compares the Asian and Latin American experiences with monetary cooperation. It is argued that in the latter such cooperation has hardly progressed, due to low degree of regional integration, the recurrent use of multilateral institutional resources to deal with external shocks and...

This paper deals with the resurgence of populism in Latin America, and particularly with the ideological underpinnings of this phenomenon. Quite unexpectedly, populism has reemerged in several countries, such as Argentina and Peru, in the wake of drastic and all-encompassing neoliberal reforms....