Orthodox and Heterodox Stabilization Policies in Bolivia and Peru: 1985-1988

Publisher Website
Google Scholar
Abstract
With the outbreak of the Latin American debt crisis in late 1982, nervous bankers and hard-pressed debtors turned to the International Monetary Fund (IMF) for both short-term finance and macroeconomic advice. By 1985, however, steadily increasing inflation and stagnant output reduced what little appeal such orthodox IMF programs had ever enjoyed. In late 1985 and early 1986, Argentina and Brazil adopted new “heterodox” stabilization programs, whose essential elements included income policies to break inflationary inertia, monetary reform (especially the creation of new currencies), and a verbal commitment to fiscal restraint.

This publication has 7 references indexed in Scilit: