How Well Has Latin America Fared During the Global Financial Crisis?

Publicado en

• Ensayos Económicos

Resumen

• Has Latin America broken new ground with its performance during the recent global financial crisis and, furthermore, during the recent business cycle? Some level of macroeconomic prudence was certainly present during the recent boom, and the region responded to the recent crisis without the dramatic balance of payment adjustments and banking collapses that were typical in the past. But there seems to be a significant level of complacency among regional governments, international organizations, and some analysts about recent macroeconomic performance. This paper looks at the effects of external events and domestic policies on Latin America during the recent global financial crisis and its policy implications, and argues that, while there is indeed good news, there is certainly no ground for euphoria. Latin America’s recent performance has not been so outstanding or widespread, nor is this performance associated only with the region’s own efforts.

autores

• Ocampo, José Antonio

fecha de publicación

• 2011

Área temática

• E30 - Precios, fluctuaciones y ciclos económicos: Generalidades
• E60 - Política macroeconómica, aspectos macroeconómicos de las finanzas públicas y perspectivas generales: Generalidades
• G01 - Crisis financiera

Enfoque geográfico

• South America  Continent

Líneas de investigación

• Economic Cycle
• Economic Policy
• Global Financial Crisis
• Latin America

Página inicial

• 7

Última página

• 33

Volumen

• 1

Issue

• 61-62