The Chilean case shows that it takes time to become a normal country. Unlike the cases of Brazil, Mexico or Southeast Asia, the abandonment of the convertibility regime included simultaneously an institutional breakdown, a huge devaluation, the destruction of the financial system and the default on the public debt.
012234  56789 6 7  7  $  86   g   i j  9 11 953 5953 2652253  3  15   36  0   " 95 206 95 0 !0  15 207  &3 $ 0 0 20953 2  2 95 2953 $ 93 0 860 0 6 9 3670 6 9 7 95 6 Q 2852 9 075901520953 98 9 9 953 5953 83  1376 0 5 207 953 95953 0 0 706 0 02 0 90  0   9 0 231509 3 0  852 51 5 313501 567836 20953 20953 7 823 10953 2 313501 5 30953  7 52145 1379  9 73  7#4 3 7 7 73   ) , 8 797 347  , 8 7018 9 789.0 73  269  5 82 2 $  4 94 $  *+,-./01+,  959 9 81957  128  128   59 9 975 9  9 25 0782   !