Economic crises in Latin America

Martin Rapetti

MPRA Paper from University Library of Munich, Germany

Abstract: This article analyzes economic crises in Latin America (LA) from the 1970s to the 2000s, focusing on two major waves: the "lost decade" of the 1980s and the crises of the 1990s and early 2000s. Both waves followed periods of strong capital inflows, a common feature in developing countries facing financial turmoil. LA’s early integration into international capital markets and frequent crises offer a unique opportunity for comparative analysis. The paper also explores the absence of major crises during the early 2000s, despite intensified capital inflows, and examines the role of fiscal policy and sound macroeconomic management in mitigating vulnerabilities.

Keywords: crisis; exchange rate; balance of payments; debt; Latin America (search for similar items in EconPapers)
JEL-codes: F4 F41 O54 (search for similar items in EconPapers)
Date: 2025
New Economics Papers: this item is included in nep-fdg, nep-his and nep-opm
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:123169

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