Inflation and stabilization: recent Brazilian experience in perspective
Article Abstract:
Brazilian policymakers set inflation control as their most important goal after the country experienced a huge inflation problem from 1984 to 1994. As the orthodox stabilization plans of the 1970s and early 1980s missed, four new nonorthodox, or heterodox, stabilization plans were drawn up to rally against inflation. From 1986 through 1990, the Cruzado Plan, the Bresser Plan, the Summer Plan and the Collor Plan established temporary wage, price and exchange-rate freezes, introduced new monetary units and implemented monetary or fiscal reforms. However, these four plans failed to address the inflation problem while the economy reeled from lost employment and output.
Publication Name: Journal of Developing Areas
Subject: Regional focus/area studies
ISSN: 0022-037X
Year: 1995
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The politics of austerity: the IMF and U.S. foreign policy in Bolivia, 1956-1964
Article Abstract:
Bolivia's implementation of the first International Monetary Fund (IMF) stabilization plan under two presidencies from 1956 to 1964 is found to have accelerated authoritarianism and have brought about growth-by-debt policies implemented until the debt crisis in the 1980s. The case study seeks to determine the role the IMF played in US foreign policy during the period. The origins of Latin America's multilateral foreign borrowings and stabilization programs are also discussed.
Publication Name: Journal of Developing Areas
Subject: Regional focus/area studies
ISSN: 0022-037X
Year: 1995
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Effects of post-1980 macroeconomic policies on Turkish manufacturing
Article Abstract:
An analysis of the impact of the Turkish government's macroeconomic policies implemented between 1982 and 1989 on the manufacturing industry was conducted to identify possible answers for the below-expected performance. The results indicated that variations in the policies implemented adversely affected economic growth. Specifically, changes in exchange and interest rates tended to strengthen and weaken the financial structure of most manufacturing firms.
Publication Name: Journal of Developing Areas
Subject: Regional focus/area studies
ISSN: 0022-037X
Year: 1996
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