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 reviews the principal neo-liberal policy measures implemented in Latin America in the last decade and their impact on equity. It first emphasizes the difficulty of separating the repercussions of liberalization measures from the necessary fiscal adjustments of the 1980s, and their...