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Central bankers as good neighbours: US money doctors in Latin America during the 1940s


  • Helleiner, Eric


This article analyses a set of financial advisory missions led primarily by Robert Triffin of the US Federal Reserve Board to Latin American countries during the 1940s. These missions developed a new approach to international ‘money doctoring’ that rejected both the content and style of the better-known US financial advisory missions led by Edwin Kemmerer during the 1920s. The missions were driven by a number of motivations that emerged from the politics of the New Deal and the Good Neighbour policy. The episode highlights the diversity of international money doctoring experiences, the importance of the financial dimensions of the Good Neighbour policy, and the wider geographical impact of a new kind of financial internationalism that emerged in US foreign policy in the wake of the 1930s.

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  • Helleiner, Eric, 2009. "Central bankers as good neighbours: US money doctors in Latin America during the 1940s," Financial History Review, Cambridge University Press, vol. 16(01), pages 5-25, April.
  • Handle: RePEc:cup:fihrev:v:16:y:2009:i:01:p:5-25_00

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    References listed on IDEAS

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    Cited by:

    1. Pierre-Hernan Rojas, 2016. "Triffin Dilemma and Regional Monetary Approach : An Appraisal," Working Papers hal-01298999, HAL.
    2. Pérez Caldentey, Esteban & Vernengo, Matías, 2012. "Portrait of the economist as a young man: Raúl Prebisch's evolving views on the business cycle and money, 1919-1949," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.

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