Latin American Macroeconomic Reforms

Foreword—Arnold C. Harberger
Acknowledgments
Introduction—José Antonio Gonzáez and Anne O. Krueger
I. MONETARY POLICIES
1. Inflation Targeting: The Latin American Experience
2. Exchange Rate Pass-Through and Partial Dollarization : Is There a Link?
3. Very High Interest Rates and the Cousin Risks: Brazil During the Real Plan
Epilogue to Part I: Circumstances and Institutions:
Notes on Monetary Policy in Brazil in the Last Fourteen Years
II. FINANCIAL POLICIES
4. The China Syndrome or the Tequila Crisis
5. International Liquidity Management Problems in Modern Latin
America: Their Origin and Policy Implications
6. Trade Liberalization and Financial Crisis: A Historical Comparison of
Chile and the United States
7. Banks, Financial Markets, and Industrial Development: Lessons from the
Economic Histories of Brazil and Mexico
8. Toward a Liquidity Risk Management Strategy for Emerging Market Economies
III. FISCAL POLICIES
9. Taxation Reform in Latin America in the Last Decade
10. Taxing for Equity: A Proposal to Reform Mexico's Value-Added Tax
11. Tax Reform in Brazil: Small Achievements and Great Challenges
Contributors
Author Index
Subject Index