The Global Crisis and the Chilean Economy

Claudio Lara Cortés

Chapter 6 in Latin America after the Financial Crisis, 2016, pp 117-140 from Palgrave Macmillan

Abstract: Abstract The global crisis that erupted in 2008 is unlike any other crises experienced in Chile and Latin America, because, among other things, it unfolded differently. In effect, it started in the financial markets of the United States, then spread to other advanced economies, and finally to the emerging ones, causing what is now known as the Great Recession. At first, many economists thought that the crisis would end in the developed countries, without affecting supposedly solid and protected economies. Echoing this idea, Chilean Finance Minister Andres Velasco repeatedly stated that the Chilean economy was “bul-letproofed” against the international crisis.

Keywords: European Central Bank; Capital Flow; External Shock; International Reserve; Global Crisis (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:pslchp:978-1-137-48662-2_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137486622

DOI: 10.1057/9781137486622_6

Access Statistics for this chapter

More chapters in Palgrave Studies in Latin American Heterodox Economics from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().