Como era de esperar el Directorio del Fondo aprobó la revisión del programa de Argentina, aunque dejó en claro que Massa incumplió todas las metas. El FMI aplaude el esfuerzo fiscal que promete el...
Exchange-Rate-Based Stabilization in Argentina and Chile
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Exchange-Rate-Based Stabilization in Argentina and Chile
Kiguel & Liviatan, 1994.
An exchange rate based stabilization is one designed to reduce inflation by using the exchange rate as the main nominal anchor. This does not mean necessarily a fixed exchange rate. A crawling peg with a low rate of depreciation or a preannounced gradual reduction in the rate of devaluation are alternative ways of using the exchange rate as a nominal anchor.