Exchange Rate Policy in Chile since 1960: Political Economy and the Choice of Regime
AbstractThis paper analyzes exchange rate policies in Chile since the 1960s. A brief overview of main policies is presented. Particular attention is paid to the two episodes of fixed-exchange rate as well as the reasons why policy makers may have arrived to those decisions. The paper also examines the long Chilean tradition of using a crawling peg to preserve competitiveness and as a quick exit during times of crisis. More specifically, this paper attempts to uncover political economy factors that may have influenced decisions on exchange rate policy. Empirical evidence on the economic environment during different episodes of exchange rate management as well as the political economy factors that may haveinfluenced the options are presented.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Inter-American Development Bank, Research Department in its series Research Department Publications with number 3076.
Date of creation: Mar 1999
Date of revision:
Other versions of this item:
- José De Gregorio, 1999. "Exchange Rate Policy in Chile since 1960: Political Economy and The Choice of Regime," Documentos de Trabajo 68, Centro de Economía Aplicada, Universidad de Chile.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Baxter, Marianne, 1994. "Real exchange rates and real interest differentials: Have we missed the business-cycle relationship?," Journal of Monetary Economics, Elsevier, vol. 33(1), pages 5-37, February.
- Jose De Gregorio & Holger C. Wolf, 1994.
"Terms of Trade, Productivity, and the Real Exchange Rate,"
94-19, New York University, Leonard N. Stern School of Business, Department of Economics.
- Jose De Gregorio & Holger C. Wolf, 1994. "Terms of Trade, Productivity, and the Real Exchange Rate," NBER Working Papers 4807, National Bureau of Economic Research, Inc.
- Sebastian Edwards & Daniel Lederman, 1998. "The Political Economy of Unilateral Trade Liberalization: The Case of Chile," NBER Working Papers 6510, National Bureau of Economic Research, Inc.
- John Williamson, 1996. "Crawling Band as an Exchange Rate Regime: Lessons from Chile, Colombia and Israel, The," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 14.
- Kevin Cowan & Jose De Gregorio, 1996.
"Exchange rate policies and capital account management: Chile in the 1990s,"
Federal Reserve Bank of San Francisco, pages 465-488.
- Kevin Cowan & José De Gregorio, 1997. "Exchange Rate Policies and Capital Account Management: Chile in the 1990s," Documentos de Trabajo 22, Centro de Economía Aplicada, Universidad de Chile.
- Marie Briere & Ariane Chapelle & Ariane Szafarz, 2012.
"No Contagion, only Globalization and Flight to Quality,"
ULB Institutional Repository
2013/149092, ULB -- Universite Libre de Bruxelles.
- Brière, Marie & Chapelle, Ariane & Szafarz, Ariane, 2012. "No contagion, only globalization and flight to quality," Journal of International Money and Finance, Elsevier, vol. 31(6), pages 1729-1744.
- Szafarz, Ariane & Chapelle, Ariane & Brière, Marie, 2012. "No contagion, only globalization and flight to quality," Economics Papers from University Paris Dauphine 123456789/7746, Paris Dauphine University.
- Marie Briere & Ariane Chapelle & Ariane Szafarz, 2008. "No contagion, only globalization and flight to quality," DULBEA Working Papers 08-22.RS, ULB -- Universite Libre de Bruxelles.
- Marie Briere & Ariane Chapelle & Ariane Szafarz, 2012. "No contagion, only globalization and flight to quality," Working Papers CEB 12-010, ULB -- Universite Libre de Bruxelles.
- Ernesto H. Stein & Jeffry Frieden, 2000. "The Political Economy of Exchange Rate Policy in Latin America: An Analytical Overview," Research Department Publications 3118, Inter-American Development Bank, Research Department.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Monica Bazan).
If references are entirely missing, you can add them using this form.