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001 7121419333919
003 OSt
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008 071214s2001 bl ||||gr |0|| 0 por d
100 1 _aWISE, Carol
_933358
245 1 0 _aCurrency board da argentina :
_bos laços que unem?
260 _aSão Paulo :
_bEditora 34,
_cjul./set. 2001
520 3 _aAs the one Latin American emerging market country that has steadfastly adhered to a fixed exchange rate for more than a decade, this article examines the economic and political trade-offs that peso-dollar parity has entailed. In economic terms, the currency board has clearly fostered macroeconomic stability and fiscal prudence. Yet, the maintenance of a fixed currency regime in the context of volatile capital flows has also contributed to the steady appreciation of the peso over time. This trend, along with certain political deals (slow labor market reform and generous government transfers to the provinces) struck at the outset of the reform program, has greatly hampered the productivity and dynamism of the Argentine economy. The country's weak competitive position has been exacerbated by the Brazilian devaluation of 1999, and the lesson since then has how difficult it is to craft a political coalition to tackle the formidable microeconomic tasks now at hand
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. 168-194
_dSão Paulo : Editora 34, jul./set. 2001
_xISSN 01013157
_w
942 _cS
998 _a20071214
_b1933^b
_cMariana
998 _a20140205
_b1556^b
_ckarina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c25332
_d25332
041 _apor