This paper examines the demand for money under conditions of very high inflation in Argentina, Bolivia, Brazil, Chile and Peru during the 1970s and 1980s. We test whether the monetary and inflationary experiences of these countries can be adequately characterized by the Cagan (1956) model, using...

La gran afluencia de capital hacia algunos paises de America Latina a partir de 1990 constituye una ventaja a medias: Hace mas dificil conciliar la desinflacion en el pais con la competitividad externa. En gran parte, las corrientes de capital involucradas parecen ser temporales mas que...