This paper deals with the anatomy of devaluation in Latin America. In an effort to understand the economics surrounding the causes and consequences of exchange rate crises, eighteen devaluation episodes that took place between 1962 and 1982 are investigated in detail. The paper focuses on: (1)...

This paper deals with the anatomy of devaluation in Latin America. In an effort to understand the economics surrounding the causes and consequences of exchange rate crises, eighteen devaluation episodes that took place between 1962 and 1982 are investigated in detail. The paper focuses on: (1)...

Devaluations have generally been traumatic episodes in the developing countries, often accompanied by political instability and upheaval. The purpose of this article is to evaluate the role of devaluations in the adjustment processes in Latin America and to determine why some devaluations seem...