Policy Rectifications and Recovery from the Debt Crisis, 1982–9

Ricardo Ffrench-Davis

Chapter IV in Economic Reforms in Chile, 2010, pp 109-129 from Palgrave Macmillan

Abstract: Abstract During the 1980s, most Latin American countries were facing a dramatic foreign debt crisis. The sharp deterioration in international markets recorded from 1981 affected the emerging developing nations with unusual severity; the drop in export prices and worsening access to the markets of industrialized countries, the rise in international interest rates, and the sharp reduction in capital inflows all contributed to the strongest negative external shocks in the past half century.

Keywords: Exchange Rate; Central Bank; Real Exchange Rate; Aggregate Demand; Debt Crisis (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28965-9_4

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DOI: 10.1057/9780230289659_4

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