Harberger, Arnold C - In: Latin American Journal of Economics-formerly Cuadernos … 21 (1984) 63, pp. 123-136
Chile's devaluation of 1982 has been the source of much commentary. By far the most widely held view is that the underlying policy mistake was the fixing of the price of the dollar at 39 pesos in July of 1979. According to this view, Chile's exchange rate