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Authoritarian governments and exchange rate policy in Latin American countries

Author

Listed:
  • Cláudio Ribeiro Lucinda
  • Paulo Roberto Arvate

Abstract

Our aim on this paper is to identify the exchange rate policies used by Authoritarian governments in Latin America during the seventies and eighties. The literature shows that the focus of the exchange rate policy was on inflation control, which was not consistent with the evidence. We show on this paper that these governments aimed at a undervalued currency because of the behavior of the external balance of the countries. JEL Classification: N16, F41, H19.

Suggested Citation

  • Cláudio Ribeiro Lucinda & Paulo Roberto Arvate, 2006. "Authoritarian governments and exchange rate policy in Latin American countries," Brazilian Journal of Political Economy, Center of Political Economy, vol. 26(3), pages 323-344.
    • Handle: RePEc:ekm:repojs:v:26:y:2006:i:3:p:323-344:id:603
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    More about this item

    Keywords

    exchange rates; Latin America; political institutions;
    All these keywords.

    JEL classification:

    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • H19 - Public Economics - - Structure and Scope of Government - - - Other

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