The great Latin America debt crisis: a decade of asymmetric adjustment

Robert Devlin () and Ricardo Ffrench-Davis

Brazilian Journal of Political Economy, 1995, vol. 15, issue 3, 418-445

Abstract: Latin America has entered a new phase of abundance of capital inflows, bearingsome resemblance to the episode of 70’s. In this paper a review is made of the origins of indebtmentin the 70’s, of the emergence of the crisis in the early 80’s, and of the managementby creditors and debtors during that decade. Some lessons are derived about the working ofinternational financial markets and policy implications. JEL Classification: F11; F31; F34.

Keywords: Capital flows; currency crisis; stabilization; debt crisis (search for similar items in EconPapers)
Date: 1995
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Working Paper: The great Latin American debt crisis: a decade of asymmetric adjustment (1994)
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Persistent link: https://EconPapers.repec.org/RePEc:ekm:repojs:v:15:y:1995:i:3:p:418-445:id:1251

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