The purpose of this study is to gauge the performance of unilateral target zones arrangements in two Latin American countries, Mexico and Chile. In doing so we look at the institutional and historical evolution of these exchange rate regimes. We then deal with performance in a more formal...

Empirical evidence of currency substitution as measured by dollarization in Latin America usually accords with theoretical explanations (Calvo and Végh, 1992, and Giovannini and Turtelboom, 1993). But some studies find anomalies. For example, Rogers (1992a and 1992b) finds that between 1978 and...

El análisis reciente que postula la privatización de las empresas públicas tanto en las economías en desarrollo como en las desarrolladas procede del postulado de que la propiedad privada implica una producción más eficiente ceteris paribus. Haciendo a un lado la eficiencia distributiva y...