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nontradables to tradables in Argentina, Brazil, Chile (ABC) and Mexico from 1990 to 2002. The real exchange rate is determined in … paper confirm the impact of exchange rate regimes on relative prices in all countries except Chile, which maintained …
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This volume discusses progress made to date in Argentina, Brazil, Chile and Mexico in putting their finances in order … “skeletons” in the closet. The chapter on Brazil makes a case for a more entrenched culture of fiscal austerity to make the … current achievements sustainable. The Chile chapter describes the role of political cohesiveness following the return of …
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Despite considerable progress made by Latin America's biggest economies in putting their finances in order, numerous challenges remain.  Public spending needs to incorporate more flexibility, ageing populations and social demands threaten future pressures on expenditure, and social and...
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