The inflationary process
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America 1948 , pp 235-246
- Publication Date: December 1948
- DOI: https://doi.org/10.18356/21a90faf-en
- Language: English
At the beginning of 1949 the majority of the Latin-American countries were facing monetary problems which in some cases were notably grave. With four exceptions, the gold and foreign exchange assets of all countries have declined from the peak they reached around 1946. Even though they are higher, on the whole, than in 1938, their usefulness as a means of international payment is relatively less in certain cases because part of the foreign exchange holdings are blocked or inconvertible, and also because international prices have risen.
© United Nations
ISBN (PDF):
9789210583053
Book DOI:
https://doi.org/10.18356/0523469e-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
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