Introducción. La práctica de los intercambios de deuda por acciones o de deuda por deuda a fin de reducir el endeudamiento excesivo de los países en desarrollo ha provocado una animada controversia. Los economistas académicos han contribuido al debate analizando las características de...

Which exchange rate arrangement should developing countries adopt? This question has been given new urgency by the 1997-98 Asian crisis, with its offshoots in Eastern Europe and Latin America. Adjustable or crawling pegs were in place in almost every coun

Chile's trade strategy has experienced a significant change of emphasis in the 1990s. From an exclusive reliance on unilateral integration since the mid 1970s, the country has shifted attention towards bilateral and regional integration in the American co