LATIN AMERICAN FOREIGN AND INTERNATIONAL BALANCES DURING THE WAR.

The article presents information on a research regarding foreign trade of Latin America during the World War I. Foreign exchange fluctuations have occurred in response to commercial and financial exchanges in Latin American countries during the war. Many countries started credit exchange conventions with a purpose of exchange stabilization without resorting to gold shipments. Argentina made such an arrangement with the U.S. Most of the Latin American nations including Brazil showed a low level of exchange rate during the war than the levels of pre-war years.