Latin America: the missing financial crisis

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cepal.bibLevelDocumento Completo
cepal.callNumberINT UN/EC 44(6/2009)
cepal.callNumberLC/L.3059-P
cepal.docTypeSeries
cepal.idSade37908
cepal.jobNumberS0900396 E
cepal.physicalDescriptiongráficos, tablas
cepal.regionalOfficeWashington
cepal.saleNumber09.II.G.57
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicEngFISCAL AFFAIRS
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.topicSpaASUNTOS FISCALES
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSTATISTICS
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaESTADÍSTICAS
dc.contributor.authorPorzecanski, Arturo C.
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialSpaAMERICA LATINA
dc.date.accessioned2014-01-02T15:42:33Z
dc.date.available2014-01-02T15:42:33Z
dc.date.issued2009-10
dc.descriptionIncludes bibliography
dc.description.abstractThis may well be the first time since Latin America gained its independence in the early 1800s that a major economic contraction and financial calamity in the industrialized world has not caused a wave of currency, sovereign debt or banking crises in the region. What explains Latin America's unprecedented resilience in contrast with, for example, Eastern Europe's now-evident financial vulnerability? Here we review the enormous progress made by many governments in Latin America in the past decade to reduce currency mismatches, allow for more flexible exchange-rate regimes, enhance the capitalization, funding and supervision of their banking systems, encourage the development of local capital markets, and implement sounder and more credible monetary and fiscal policies. Evidently, it is not necessary to wait for an improved international financial architecture in order for reform-minded, well-managed countries to reap the most benefits from, and minimize the deleterious impact of market cycles typical of, financial globalization.
dc.formatTexto
dc.format.extent37 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.isbn9789211217056
dc.identifier.unSymbolLC/L.3059-P
dc.identifier.unSymbolLC/WAS/L.104
dc.identifier.urihttps://hdl.handle.net/11362/5069
dc.language.isoeng
dc.physicalDescription37 p. : gráfs., tabls.
dc.publisherECLAC
dc.publisher.placeWashington, D.C.
dc.relation.isPartOfSeriesStudies and Perspectives Series (Washington, DC)
dc.relation.isPartOfSeriesNo6
dc.rights.coarDisponible
dc.subject.unbisEngECONOMIC CRISIS
dc.subject.unbisEngECONOMIC RECESSION
dc.subject.unbisEngFINANCIAL CRISIS
dc.subject.unbisEngECONOMIC INDICATORS
dc.subject.unbisEngMONETARY SYSTEMS
dc.subject.unbisEngFINANCIAL RESOURCES
dc.subject.unbisSpaCRISIS ECONOMICA
dc.subject.unbisSpaRECESION ECONOMICA
dc.subject.unbisSpaCRISIS FINANCIERA
dc.subject.unbisSpaINDICADORES ECONOMICOS
dc.subject.unbisSpaSISTEMAS MONETARIOS
dc.subject.unbisSpaRECURSOS FINANCIEROS
dc.titleLatin America: the missing financial crisis
dc.type.coarlibro
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