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The International Crisis and Latin America

Author

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  • Vittorio Corbo

    (Centro de Estudios Públicos, Chile)

  • Klaus Schmidt-Hebbel

    (Instituto de Economía, Facultad de Ciencia Económicas y Administrativas, Pontificia Universidad Católica, Chile)

Abstract

Latin America has been strongly affected by the international crisis and recession since late 2008. Compared with previous crises, how Latin America has faced this global crisis, what has been the role of different transmission mechanisms and how the structural conditions of the region have affected its vulnerability to external shocks? This paper aims at addressing these questions by assessing growth in the region’s seven major economies during 1990-2009; in particular, it examines the effects of the financial crisis originated in the USA in 2008-2009

Suggested Citation

  • Vittorio Corbo & Klaus Schmidt-Hebbel, 2013. "The International Crisis and Latin America," Monetaria, CEMLA, vol. 0(1), pages 37-62, January-j.
    • Handle: RePEc:cml:moneta:v:xxxv:y:2013:i:1:p:37-62
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    References listed on IDEAS

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    Cited by:

    1. Carlos A Vegh & Guillermo Vuletin, 2014. "The Road to Redemption: Policy Response to Crises in Latin America," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 62(4), pages 526-568, November.
    2. Nin-Prat, Alejandro & Falconi, Cesar & Ludena, Carlos & Martel, Pedro, 2015. "Productivity and the Performance of Agriculture in Latin America and the Caribbean: From the Lost Decade to the Commodity Boom," 2015 Conference, August 9-14, 2015, Milan, Italy 211725, International Association of Agricultural Economists.
    3. Lachaud, Michee & Bravo-Ureta, Boris & Ludena, Carlos, 2015. "Agricultural Productivity Growth in Latin America and the Caribbean (LAC): An analysis of Climatic Effects, Convergence, and Catch-up," 2015 Conference, August 9-14, 2015, Milan, Italy 211721, International Association of Agricultural Economists.
    4. Roberto Alvarez & José De Gregorio, 2014. "Understanding Differences in Growth Performance in Latin America and Developing Countries between the Asian and the Global Financial Crises," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 62(4), pages 494-525, November.
    5. Lachaud, Michee Arnold & Bravo-Ureta, Boris E. & Ludena, Carlos E., 2015. "Agricultural productivity growth in Latin America and the Caribbean and other world regions: An analysis of climatic effects, convergence and catch-up," Working Papers 40, University of Connecticut, Department of Agricultural and Resource Economics, Charles J. Zwick Center for Food and Resource Policy.
    6. Carvallo, Oscar & Kasman, Adnan & Kontbay-Busun, Sine, 2015. "The Latin American bank capital buffers and business cycle: Are they pro-cyclical?," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 36(C), pages 148-160.

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