La política cambiaria de América Latina  en el contexto de baja cooperación monetaria internacional

Susana Nudelsman

doi:10.24215/23142766e069

Authors

Susana Nudelsman Universidad de Buenos Aires

DOI:

https://doi.org/10.24215/23142766e069

Keywords:

Exchange Rates, Reserves Accumulation, International Financial Architecture, International Monetary Cooperation

Abstract

Monetary cooperation in the context of the international monetary system following the Bretton Woods Agreements is low. Although the floating exchange rate regime promised less traumatic adjustments than its predecessor, several factors concurred in obtaining results of the opposite sign. The greater flexibility of exchange rate policies in Latin America since the 2000s, as well as the accumulation of external reserves, helped to overcome the global financial crisis more efficiently than in past exogenous shocks. At the global level, the accumulation of reserves feeds the problem of global imbalances while the existence of a multiplicity of exchange rate agreements makes the international monetary system a semi-chaotic universe.

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Author Biography

Susana Nudelsman, Universidad de Buenos Aires

Doctora en Economía por UBA. Estudios de Economía Internacional, Graduate Institute,
Geneva. Profesora de Maestría de la Facultad de Ciencias Económicas de la UBA. Ha sido
Profesora de la Licenciatura y el Doctorado en Economía e Investigadora del Instituto de
Investigaciones Económicas de la misma institución; docente e investigadora visitante en
universidades de Estados Unidos; becaria del CONICET, la Comisión Fulbright, el Swiss
Agency for Cooperation and Development y LASA. Es evaluadora de revistas de Economía;
miembro del CARI y del T20 Argentina 2018.

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