Multiple Exchange Rate Policies in Latin America

1968 ◽  
Vol 10 (1) ◽  
pp. 35-52 ◽  
Author(s):  
Wolfgang König
Keyword(s):  
Monetary Policy ◽  
Latin America ◽  
Exchange Rates ◽  
Latin American ◽  
Import Substitution ◽  
Multiple Exchange ◽  
International Monetary Policy ◽  
Trade And Exchange ◽  
Latin American Countries ◽  
The International Monetary Fund

The persistence of trade and exchange controls in developing countries is of growing concern among economic circles and has been dealt with in recent discussions and papers, both published and unpublished. In Latin America exchange practices have severely tested the International Monetary Fund (IMF), which represents the prevailing ideology of a liberal international monetary policy. The principles and activities of this institution have tended to conflict in many ways with the development efforts of Latin American countries—a fact that has not always been fully recognized due to the confidential nature of many of the Fund's actions. One important issue has been the problem of multiple exchange rates, which, in many Latin American countries, came to constitute an important instrument of the policy of industrialization through import substitution.

scholarly journals Contractionary depreciations in Latin America during the 2000s

2021 ◽  
Vol 41 (4) ◽  
pp. 723-744
Author(s):  
MARTÍN MONTANÉ ◽  
EMILIANO LIBMAN ◽  
GUIDO ZACK
Keyword(s):  
Monetary Policy ◽  
Latin America ◽  
Simple Model ◽  
Latin American ◽  
Inflation Targeting ◽  
Taylor Rule ◽  
Policy Implications ◽  
Var Models ◽  
Short Run ◽  
Latin American Countries

ABSTRACT This paper explores the effects of currency depreciations on output for the main Latin American countries that have been using Inflation Targeting for almost two decades. We construct VAR models for Brazil, Chile, Colombia, Mexico and Peru for the last two decades and we find that depreciations have short-run contractionary effects in Brazil and Mexico. We illustrate some of the policy implications of that finding by building a simple model, and we show that contractionary effects of depreciations may have destabilizing effects when monetary policy is conducted using a standard Taylor Rule.

Population and Economic Development in Latin America

1973 ◽  
Vol 3 (4) ◽  
pp. 731-736
Author(s):  
Paul Singer
Keyword(s):  
Latin America ◽  
Population Growth ◽  
Latin American ◽  
Import Substitution ◽  
Small Population ◽  
Domestic Market ◽  
Domestic Markets ◽  
European Immigration ◽  
Near Future ◽  
Latin American Countries

Latin America has been sparsely populated since colonial times. The importation of slaves during the first half of the 19th century and European immigration during the second half have provided the manpower needed for the expansion of the Latin American colonial economies. At the end of the last century, industrialization in the form of import substitution began where sufficiently large domestic markets, brought about through increasing exports, permitted it. Consumer goods industries were created near population centers of sufficient size to provide a sizeable domestic market. After 1930, development became the driving force of economic growth in several Latin American countries. The extent to which import substitution could be accomplished depended on the size of the domestic market in each country. This is the reason that industrialization has made more headway in the three largest countries of the area. The small population size of many Latin American countries is now a constraint to their development. The enlargement of their domestic markets through the formation of free trade areas may spur development, but this cannot be achieved in the near future. For them, population growth is still important. Fertility is, however, already decreasing in Latin America and population growth is likely to diminish in the near future. In order to develop, most Latin American countries will have to integrate a larger proportion of their population into the markets, since they will not be able to continue to rely on population growth for the expansion of effective demand.

scholarly journals COVID-19 Mortality Rate and Its Incidence in Latin America: Dependence on Demographic and Economic Variables

2021 ◽  
Vol 18 (13) ◽  
pp. 6900
Author(s):  
Javier Cifuentes-Faura
Keyword(s):  
Latin America ◽  
Mortality Rate ◽  
Population Density ◽  
Life Expectancy ◽  
Latin American ◽  
Positive Influence ◽  
Death Rates ◽  
Per Capita ◽  
Latin American Countries ◽  
Quality Infrastructure

The pandemic caused by COVID-19 has left millions infected and dead around the world, with Latin America being one of the most affected areas. In this work, we have sought to determine, by means of a multiple regression analysis and a study of correlations, the influence of population density, life expectancy, and proportion of the population in vulnerable employment, together with GDP per capita, on the mortality rate due to COVID-19 in Latin American countries. The results indicated that countries with higher population density had lower numbers of deaths. Population in vulnerable employment and GDP showed a positive influence, while life expectancy did not appear to significantly affect the number of COVID-19 deaths. In addition, the influence of these variables on the number of confirmed cases of COVID-19 was analyzed. It can be concluded that the lack of resources can be a major burden for the vulnerable population in combating COVID-19 and that population density can ensure better designed institutions and quality infrastructure to achieve social distancing and, together with effective measures, lower death rates.

scholarly journals COVID-19 in Latin America: a first glance to the mortality

2020 ◽  
pp. 1-3 ◽  
Author(s):  
Nubia Muñoz
Keyword(s):  
Latin America ◽  
Latin American ◽  
Mortality Rates ◽  
European Countries ◽  
Death Rates ◽  
Death Toll ◽  
The United Kingdom ◽  
Health Authorities ◽  
The Us ◽  
Latin American Countries

It is too early to know which will be the final death toll from the Covid-19 or SARS-CoV-2 virus epidemy in Latin America since the epidemy is still active and we will not know when it will end. The curve for new infections and deaths has not reached yet a peak (Figure 1). In addition, we know little about the epidemiology of this new virus. The daily litany of the number of people infected with the number of admissions to hospitals and intensive care units and the number of deaths guides health authorities to plan health services and politicians to gauge the degree of confinement necessary to control the transmission of the virus, but it says little about the magnitude of the problem if we do not relate it to the population at risk. At the end of the pandemic, we will be able to estimate age-standardized death rates for the different countries, but until then the crude death rates will provide a first glance or snapshot of the death toll and impact of the pandemic from March to May 2020. These rates are well below those estimated in other countries in Europe and North America: Belgium (82.6), Spain (58.0), the United Kingdom (57.5), Italy (55.0), France (42.9), Sweden (41.4), and the US (30.7). (Johns Hopkins CSSE, May 30, 2020). However, in the European countries and the US the number of deaths has reached a peak, while this is not the case in Latin American countries. (Figure 1). It should be taken into account that the above rates are crude and therefore, some of the differences could be due to the fact that European countries have a larger proportion of the population over 70 years of age in whom higher mortality rates have been reported.

Latin America and the Socio-Economic Impact of the Cuban Revolution

1962 ◽  
Vol 4 (1) ◽  
pp. 105-120 ◽  
Author(s):  
Pedro C. M. Teichert
Keyword(s):  
Latin America ◽  
Economic Impact ◽  
Latin American ◽  
Cuban Revolution ◽  
Good Neighbor Policy ◽  
Socio Economic Impact ◽  
Imminent Threat ◽  
Good Neighbor ◽  
The Military ◽  
Latin American Countries

The Cuban revolution has profoundly shaken the economic and political foundation traditional in most of the 20 Latin American republics. The demand by the rest of Latin America for Cuban type reforms has also required a reappraisal of U. S.-Latin American relations, which with the breaking off of diplomatic intercourse between Cuba and the U. S., January 4, 1961, have reached their lowest point since the initiation in the mid 1930's of the Good Neighbor Policy by President Roosevelt. Furthermore, the spread of the Cuban revolution, with its ideals and aspirations for the fulfilment of the age-old political, social, and economic aspirations of the downtrodden masses, is now an imminent threat for the remaining undemocratic Latin American governments. There is no denying the fact that most Latin American countries are still run by an oligarchy of landlords and the military.

Leadership Training in Latin America

1993 ◽  
Vol 7 (1) ◽  
pp. 15-17
Author(s):  
Alice B. Lentz
Keyword(s):  
Latin America ◽  
Latin American ◽  
Leadership Training ◽  
Developing Economies ◽  
Business Leaders ◽  
Private Higher Education ◽  
Enterprise Growth ◽  
The University ◽  
Latin American Countries

Alice Lentz offers a brief view of the role of the Americas Fund for Independent Universities (AFIU) in relation to significant initiatives in various Latin American countries. In a region where the function and development of private higher education institutions is especially important, the focus of the AFIU's activities is on private universities' ability to provide trained business leaders with the skills necessary to meet the challenges of enterprise growth in these developing economies. She mentions in particular the strengthening of financing capabilities within the university, and the evolution of three-way partnerships among business corporations, AFIU, and universities in Latin America.

scholarly journals Democratic Values, Religiosity, and Support for Same-Sex Marriage in Latin America

2017 ◽  
Vol 59 (4) ◽  
pp. 75-98 ◽  
Author(s):  
Michelle L. Dion ◽  
Jordi Díez
Keyword(s):  
Human Rights ◽  
Latin America ◽  
Latin American ◽  
Capital City ◽  
Religious Values ◽  
Democratic Values ◽  
Same Sex ◽  
Same Sex Marriage ◽  
Same Sex Couples ◽  
Latin American Countries

AbstractLatin America has been at the forefront of the expansion of rights for same-sex couples. Proponents of same-sex marriage frame the issue as related to human rights and democratic deepening; opponents emphasize morality tied to religious values. Elite framing shapes public opinion when frames resonate with individuals’ values and the frame source is deemed credible. Using surveys in 18 Latin American countries in 2010 and 2012, this article demonstrates that democratic values are associated with support for same-sex marriage while religiosity reduces support, particularly among strong democrats. The tension between democratic and religious values is particularly salient for women, people who live outside the capital city, and people who came of age during or before democratization.

scholarly journals Life expectancy and mortality in 363 cities of Latin America

2021 ◽  
Author(s):  
Usama Bilal ◽  
◽  
Philipp Hessel ◽  
Carolina Perez-Ferrer ◽  
Yvonne L. Michael ◽  
...  
Keyword(s):  
Cardiovascular Disease ◽  
Latin America ◽  
Life Expectancy ◽  
Latin American ◽  
Causes Of Death ◽  
Urban Environments ◽  
Noncommunicable Diseases ◽  
Modifiable Factors ◽  
Specific Mortality ◽  
Latin American Countries

AbstractThe concept of a so-called urban advantage in health ignores the possibility of heterogeneity in health outcomes across cities. Using a harmonized dataset from the SALURBAL project, we describe variability and predictors of life expectancy and proportionate mortality in 363 cities across nine Latin American countries. Life expectancy differed substantially across cities within the same country. Cause-specific mortality also varied across cities, with some causes of death (unintentional and violent injuries and deaths) showing large variation within countries, whereas other causes of death (communicable, maternal, neonatal and nutritional, cancer, cardiovascular disease and other noncommunicable diseases) varied substantially between countries. In multivariable mixed models, higher levels of education, water access and sanitation and less overcrowding were associated with longer life expectancy, a relatively lower proportion of communicable, maternal, neonatal and nutritional deaths and a higher proportion of deaths from cancer, cardiovascular disease and other noncommunicable diseases. These results highlight considerable heterogeneity in life expectancy and causes of death across cities of Latin America, revealing modifiable factors that could be amenable to urban policies aimed toward improving urban health in Latin America and more generally in other urban environments.

Public Distrust in Disputed Elections: Evidence from Latin America

2021 ◽  
pp. 1-8
Author(s):  
Victor Hernández-Huerta ◽  
Francisco Cantú
Keyword(s):  
Comparative Literature ◽  
Latin America ◽  
Latin American ◽  
Multilevel Regression ◽  
Electoral Outcome ◽  
Strong Signal ◽  
Electoral Defeat ◽  
Negative Perceptions ◽  
Latin American Countries

Abstract The comparative literature on democratization has shown that election trust depends as much on subjective factors as on the objective conditions of the process. This literature, however, has thus far overlooked the consequences of candidates refusing to concede an electoral defeat. This letter argues that a disputed electoral outcome further inflames negative perceptions of electoral integrity among voters who supported a losing candidate. We bring support for this claim from a multilevel regression that includes data from the AmericasBarometer surveys on almost 100,000 respondents across 49 elections in 18 Latin American countries. We combine these responses with an original database of disputed elections in the region. The empirical findings demonstrate the eroding effect of challenged election outcomes on voters' election trust, particularly among those who voted for a losing candidate. The findings underscore an intuitive yet untested pattern: candidates' refusal to accept the electoral outcome is a strong signal among their supporters, increasing their distrust on the integrity of the process.

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