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Review of the theoretical approaches to external adjustment and their relevance for Latin America

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  • Meller, Patricio

Abstract

Presenta un resumen de los enfoques teoricos - y una evaluacion de su pertinencia - que se han planteado para analizar los problemas del ajuste ante desequilibrios del sector externo de los paises de America Latina: el de la cuenta corriente que pone el enfasis en el comercio internacional; el de la cuenta de capitales que lo pone en los flujos de financiamiento; y el monetario de la balanza de pagos que se centra en el equilibrio global de los pagos internacionales.

Suggested Citation

  • Meller, Patricio, 1987. "Review of the theoretical approaches to external adjustment and their relevance for Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    • Handle: RePEc:ecr:col070:10214
    Note: Includes bibliography
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    File URL: http://repositorio.cepal.org/handle/11362/10214
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    References listed on IDEAS

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    1. Hahn, Frank H., 1977. "The monetary approach to the balance of payments," Journal of International Economics, Elsevier, vol. 7(3), pages 231-249, August.
    2. Kenen, Peter B., 1985. "Macroeconomic theory and policy: How the closed economy was opened," Handbook of International Economics, in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 2, chapter 13, pages 625-677, Elsevier.
    3. Marston, Richard C., 1985. "Stabilization policies in open economies," Handbook of International Economics, in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 2, chapter 17, pages 859-916, Elsevier.
    4. Frenkel, Jacob A. & Mussa, Michael L., 1985. "Asset markets, exchange rates and the balance of payments," Handbook of International Economics, in: R. W. Jones & P. B. Kenen (ed.), Handbook of International Economics, edition 1, volume 2, chapter 14, pages 679-747, Elsevier.
    5. Ground, Richard Lynn, 1984. "Orthodox adjustment programmes in Latin America: a critical look at the policies of the International Monetary Fund," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    6. Massad, Carlos & Zahler, Roberto, 1984. "The adjustment process," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 31349, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    7. McKinnon, Ronald I, 1981. "The Exchange Rate and Macroeconomic Policy: Changing Postwar Perceptions," Journal of Economic Literature, American Economic Association, vol. 19(2), pages 531-557, June.
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    Cited by:

    1. Ramos, Joseph, 1989. "Neo-Keynesian macroeconomics as seen from the South," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.

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