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100 1 _aWISE, Carol
_933358
245 1 0 _aIntrodução :
_bdebates, desempenho e as políticas de Escolha política
260 _aSão Paulo :
_bEditora 34,
_cjul./set. 2001
520 3 _aDespite the widespread adoption of market reforms in Latin America over the past decade, there is still no consensus about the type of exchange rate regime that would best complement a liberal economic model. While there has been a distinct shift from fixed to floating rates since the Mexican peso crisis of 1994, the empirical evidence is ambivalent when it comes to measuring policy success under any one regime. In light of this empirical ambivalence, this introductory article argues that a more fruitful line of research lies in understanding the political economy lessons that can be gleaned from the standpoint of exchange rate management. This entails, first, an examination of the conflicting pressures that special interests exert on policy officials to maintain the exchange rate at a certain level; and second, it requires analysis of the broader institutional mechanisms through which monetary policy is mediated. The article suggests that policy "success" or "failure" can depend as much on policymakers' tenacity and statecraft as on the technicalities of macroeconomic policymaking
590 _aRevista de Economia Política 2001
590 _av. 21, n. 3(83)
773 0 8 _tRevista de Economia Política = Brazilian Journal of Political Economy
_g21, 3 , p. 83-102
_dSão Paulo : Editora 34, jul./set. 2001
_xISSN 01013157
_w
942 _cS
998 _a20071213
_b2108^b
_cMariana
998 _a20140205
_b1545^b
_ckarina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c25321
_d25321
041 _apor