Multiple Exchange Rate Policies in Latin America
- 2 January 1968
- journal article
- Published by Cambridge University Press (CUP) in Journal of Inter-American Studies
- Vol. 10 (1) , 35-52
- https://doi.org/10.2307/165057
Abstract
The persistence of trade and exchange controls in developing countries is of growing concern among economic circles and has been dealt with in recent discussions and papers, both published and unpublished. In Latin America exchange practices have severely tested the International Monetary Fund (IMF), which represents the prevailing ideology of a liberal international monetary policy. The principles and activities of this institution have tended to conflict in many ways with the development efforts of Latin American countries—a fact that has not always been fully recognized due to the confidential nature of many of the Fund's actions. One important issue has been the problem of multiple exchange rates, which, in many Latin American countries, came to constitute an important instrument of the policy of industrialization through import substitution.Keywords
This publication has 2 references indexed in Scilit:
- Advance Deposit Requirements for ImportsStaff Papers, 1960
- 8. SOME ASPECTS OF LATIN AMERICAN ECONOMIC RELATIONS WITH THE UNITED STATESPublished by Harvard University Press ,1948