How Optimal are the Extremes? Latin American Exchange Rate Policies during the Asian Crisis : Informes y Estudios Especiales

This paper examines the foreign exchange systems adopted by Argentina, Chile and Mexico during the Asian crisis, a time when intermediate exchange rate regimes proved to be ineffective and ceased to be used. Argentina opted for a pegged foreign exchange system, Chile for a band exchange system, and Mexico implemented a float exchange system. The paper evaluates how the different exchange rate systems had an impact on financial stability and the productive sectors in the countries.United Nations is the author of 'How Optimal are the Extremes? Latin American Exchange Rate Policies during the Asian Crisis : Informes y Estudios Especiales', published 2005 under ISBN 9789211213973 and ISBN 9211213975.