The Currency game: exchange rate politics in Latin America

Abstract

The Inter-American Development Bank created the Latin American Research Network in 1991 in order to strengthen policy formulation and contribute to the development policy agenda in Latin America. Through a competitive bidding process, the network provides grant funding to leading Latin American research centers to conduct studies on economic and social issues selected by the Bank in consultation with the region's development community. Most of the studies are comparative, which allows the Bank to build its knowledge base and draw lessons from experiences in macroeconomic and financial policy, modernization of the state, regulation, poverty and income distribution, social services, and employment. This book is based on a study of the political economy of exchange rate policy in Latin America that included research from Argentina, Brazil, Chile, Colombia, Peru and the Caribbean.