Economic Survey of Latin America and the Caribbean 1990

image of Economic Survey of Latin America and the Caribbean 1990

Published in two volumes - volume I gives insight into the economic trends, the international economy and the role of exchange rate policy in Latin America and the Caribbean. Volume II explores the economic developments by country. Complimentary tables of statistics are included.




In 1990, the Argentine Government tried to curb the spurts of hyperinflation that had been affecting the financing of the economy since 1989; in fact, as a result of a severe monetary adjustment, inflation declined considerably in the second half of the year. Moreover, the level of economic activity slumped, relative prices fluctuated sharply and an unusually high trade balance was recorded. At the end of the year, the sharp appreciation of the peso coupled with the impression that the monetary adjustment had run into difficulties sparked off expectations that the declining trend in the exchange rate and inflation would be reversed.


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