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) 
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