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Author(s) -
Belgranou Eduardo
Publication year - 1991
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1991.tb00817.x
Subject(s) - latin americans , economics , inflation (cosmology) , currency , competition (biology) , revenue , work (physics) , international economics , monetary economics , keynesian economics , political science , finance , law , engineering , mechanical engineering , ecology , physics , theoretical physics , biology
How can the perennial problem of inflation in Latin America be cured? Eduardo Belgrano, a Mexican economist, argues that Latin American governments have always found it difficult to match spending with revenue and have found it easy to resort to the inflation tax. Conventional currency reforms have regularly failed to work and the solution is to adapt Hayek's proposal for competition in currencies.