The Instability of Intra-Latin American and Caribbean Exports and Exchange Rates

Florencio Ballestero and Francisco Thoumi

Chapter 7 in Foreign Investment, Debt and Economic Growth in Latin America, 1988, pp 59-81 from Palgrave Macmillan

Abstract: Abstract One of the main justifications used to promote systems of economic integration in Latin America was the need to dampen the effects of the fluctuations of the value of the region’s exports to the rest of the world. The advocates for economic integration expected that the Latin American regional market would provide a more stable base for development than the markets of the developed world, as export instability was deemed to cause a lower over-all volume of trade and thus, to affect the growth of the economy.

Keywords: Exchange Rate; International Monetary Fund; Real Exchange Rate; Latin American Country; Nominal Exchange Rate (search for similar items in EconPapers)
Date: 1988
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DOI: 10.1007/978-1-349-08311-4_7

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