Macroeconomic Policy Lessons from Ldc's

This paper focuses on several topics related to macroeconomic policies in LDC's. The selection is biased towards those cases I have dealt with during my last 20 years of professional experience, home based in Argentina. Inflation, dollarization, quasi-fiscal deficits, capital controls and stabilization policies are old friends of Latin-Americans. Currency Boards, Common Markets, Lender of Last Resort and Country Risk are newer concepts that have taken special relevance in the 90's, the decade of globalization