During the last 50 years, Chile has been a social laboratory where almost every possible economic policy has been experimented. The most recent experience began in 1973, after the military overthrow of president Allende. In the 10 years following the coup, the military implemented deep reforms...

In this paper, the behavior of the real interest rate in Uruguay is analyzed for the period August 1977 - August 1981. The study focusses on the process of price and interest rate determination in a small, open economy with a managed exchange rate, free capital flows and a domestic financial...

In 1973, after a military takeover, Uruguayan authorities rapidly began liberalizing their economy's tightly regulated financial system. After briefly reviewing the impact of these reforms on financial asset holdings and on the availability of liquidity to the private sector, the paper examines...