THE BANKING SYSTEM CRISIS IN LATIN AMERICA
Thomas J. Trebat
Contemporary Economic Policy, 1991, vol. 9, issue 1, 54-66
A major "bootstraps" challenge lies ahead for Latin America: finding enough savings capacity at home to finance needed increases in investment during the 1990s. The banking system throughout the region cannot carry out its role in this process, however, due to a ruinous process of internal debt accumulation and corporate bankruptcy-the domestic analog of the external debt crisis of the 1980s. Copyright 1991 Western Economic Association International.
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