Will Brazil be next

Article Abstract:

There is a danger that financial contagion could affect Brazil and currencies in Latin America have suffered pressure. The exchange rate peg used by Brazil has reduced inflation rates, but there is a danger that Brazil could be forced to devalue after having spent resources on defending its currency. Brazil deserves aid from the International Monetary Fund, which also has to be careful not to squander resources. Brazil should allow the currency to fall if measures to support it do not work.

Administration of General Economic Programs, Foreign Exchange & Reserves Policy, Editorial, International Monetary Fund, Prices and rates, International relations, Brazil, Brazilian foreign relations, Real (Brazil)

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Hail to the Castrodollar

Article Abstract:

Cuba's economy is toppling now that it is no longer receiving Soviet subsidies. The recent move to permit private citizens to own US dollars is probably a sign of more economic reforms to come. Cuba is no longer in a position to maintain many former policies.

Cuba, Dollar (United States)

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