The global crisis and Latin America: financial impact and policy responses

Alejandro Jara, Ramon Moreno and Camilo Tovar ()

BIS Quarterly Review, 2009

Abstract: The financial impact of the global crisis on Latin America has in some respects been less severe than in previous crises. This reflects in part the development of domestic bond markets and improved net balance sheet positions of the economies, which have allowed gross capital inflow reversals to be partially offset by reductions in gross capital outflows. In addition, policy responses have helped to ease both external and domestic financial conditions. Nevertheless, considerable risks remain due to the ongoing economic downturn.

JEL-codes: E44 E50 E66 F21 F34 F40 G15 O16 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (68)

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