Since the beginning of the seventies Latin American exporters have been losing ground to their Asian competitors on the EEC as well as on the world market. While Latin American authorities tend to put the blame on external factors, and among them not least on the allegedly protectionist and...

The book focuses on the recent experience of Latin America economies with designing, announcing, and implementing monetary policies with different internal and external anchors. Given the often dismal track record of monetary stabilization in Latin America, it deals primarily with the conditions...