How to Manage a Repressed Economy

Ronald McKinnon

Chapter 10 in Financing Problems of Developing Countries, 1985, pp 182-209 from Palgrave Macmillan

Abstract: Abstract Chile from 1974 to the present is one of the few recent examples of a sustained economic liberalisation; fiscal, exchange-rate and monetary policies were manipulated more or less correctly (with the possible exception of wage indexing) to secure free trade, an unrestricted domestic capital market, rapid real growth and a stable currency.

Keywords: Exchange Rate; Central Bank; Domestic Price; Price Inflation; Reserve Requirement (search for similar items in EconPapers)
Date: 1985
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DOI: 10.1007/978-1-349-06749-7_10

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