Echenique, Federico; Forteza, Alvaro - Departamento de Economía, Facultad de Ciencias Sociales - 1996
The empirical evidence presented in this paper casts serious doubts on the by now widely accepted "stylized facts" of the exchange rate based stabilization programs (ERBS) as they are stated in Kiguel and Liviatan (1992) and in Végh (1992). Even though the ERBS programs were associated with...