Sinopsis de la obra en idiorna inglés.

The intention of this paper is to compare the theoretical framework of stabilization programs that Latin America has experienced during the last twenty years so to consider which one fits reality. Also, orthodox and heterodox adjustments implemented in South America are analyzed. From the experience of Argentina and Brazil, the conclusion is that, in order to reach long term, with a heterodox adjustment, it is necessary to consider the temporary character of price freezing and the adoption of administered prices, once inflationary inertia has diminished and the coordination of agent's expectations has taken place. [ABSTRACT FROM AUTHOR]