Hidden behind a number of economic crises in the mid- to late 1990s-including Argentina's headline-grabbing monetary and political upheaval-is that fact that Latin American economies have, generally speaking, improved dramatically in recent years. Their success has been due, in large part, to...

This volume presents the proceedings of a symposium that was orgainzed jointly by the IMF and the World Bank and held in Washington, D.C. The symposium was organized by Vittorio Corbo, Morris Goldstein, and Mohsin Khan. The papers review the design of, and the economic rationale behind,...

The Central Bank of Chile was founded in 1925, to provide the country with an institution that could stabilize the currency, regulate interest and discount rates, and avoid disruptions in the country’s financial, industrial and economic development (Decree Law Nº486, August 22, 1925). But a...