... Corbo (1985), and Edwards and Edwards (1991) on Chile; Dornbusch and Werner (1994) on Mexico; Patinkin (1993), and Bruno (1993) on Israel; and Dornbusch (1995), and Frenkel and Fanelli (1998) ... disinflation and stabilization programdesigned, engineered, and monitored by the IMF. Starting from inflation rates of 68.8 and 62.9percents in terms of CPI and WPI at the end of 1999 respectively, ... significantly from February onwards, the decline in inflation was behind the targeted rates of change of price indices and of nominal exchange rates. Between the last weeks of 1999 and 2000, the exchange...