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Managing Fiscal Policy in Latin America and the Caribbean: Volatility, Procyclicality, and Limited Creditworthiness

Michael Gavin, Ricardo Hausmann, Roberto Perotti and Ernesto Talvi

No 4032, Research Department Publications from Inter-American Development Bank, Research Department

Abstract: Latin America is volatile--about two to three times as volatile as the industrial economies. It is more volatile than any region other than Africa and the Middle East. Latin America`s access to international financial markets is sporadic, and often disappears just when it would be most valuable.

Date: 1996-03
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Working Paper: Managing Fiscal Policy in Latin America and the Caribbean: Volatility, Procyclicality, and Limited Creditworthiness (1996) Downloads
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