Real effects of financial crises in Latin America

Financial crises have become part of the economic landscape around the world and in Latin America in particular. Substantial effort is being nowadays devoted to understand and prevent crises, but less work has been advanced on their economic consequences. The conventional wisdom has been that crises...

Descripción completa

Detalles Bibliográficos
Autor principal:	Bebczuk, Ricardo Nestor
Formato:	Objeto de conferencia
Lenguaje:	Inglés
Publicado:	2004
Materias:	Ciencias Económicas América Latina economía internacional relación económica
Acceso en línea:	http://sedici.unlp.edu.ar/handle/10915/3792 http://www.depeco.econo.unlp.edu.ar/jemi/2004/trabajo04.pdf
Aporte de:	SEDICI (UNLP) de Universidad Nacional de La Plata

id	I19-R120-10915-3792
record_format	dspace
institution	Universidad Nacional de La Plata
institution_str	I-19
repository_str	R-120
collection	SEDICI (UNLP)
language	Inglés
topic	Ciencias Económicas América Latina economía internacional relación económica
spellingShingle	Ciencias Económicas América Latina economía internacional relación económica Bebczuk, Ricardo Nestor Real effects of financial crises in Latin America
topic_facet	Ciencias Económicas América Latina economía internacional relación económica
description	Financial crises have become part of the economic landscape around the world and in Latin America in particular. Substantial effort is being nowadays devoted to understand and prevent crises, but less work has been advanced on their economic consequences. The conventional wisdom has been that crises inflict profound and lasting, harmful effects throughout the economy, yet only fragmentary evidence is available. This chapter is aimed to fill this void by bringing forward an integrated analysis of the different channels through which financial crises can hit the economy, providing in each case a basic conceptual framework, a succinct review of the existing international evidence, and some new results with an emphasis in Latin American and Caribbean nations. The structure of the chapter will be as follows: In Section 1, some introductory definitions regarding the elusive concept of financial crisis are provided; the effects on the banking system’s balance sheet will be the subject of Section 2, with an emphasis on four recent Latin American crises. This analysis will set the ground for subsequent work. Section 3 will present evidence on crisis-related fiscal costs and their effectiveness. Section 4 will go over the short- and medium-term macroeconomic effects, with Section 5 devoted to long-term economic growth. Some conclusions and lessons close.
format	Objeto de conferencia Objeto de conferencia
author	Bebczuk, Ricardo Nestor
author_facet	Bebczuk, Ricardo Nestor
author_sort	Bebczuk, Ricardo Nestor
title	Real effects of financial crises in Latin America
title_short	Real effects of financial crises in Latin America
title_full	Real effects of financial crises in Latin America
title_fullStr	Real effects of financial crises in Latin America
title_full_unstemmed	Real effects of financial crises in Latin America
title_sort	real effects of financial crises in latin america
publishDate	2004
url	http://sedici.unlp.edu.ar/handle/10915/3792 http://www.depeco.econo.unlp.edu.ar/jemi/2004/trabajo04.pdf
work_keys_str_mv	AT bebczukricardonestor realeffectsoffinancialcrisesinlatinamerica
bdutipo_str	Repositorios
_version_	1764820472000675840

Real effects of financial crises in Latin America

Ejemplares similares