IDEAS home Printed from https://ideas.repec.org/a/ris/ecoint/0359.html
   My bibliography  Save this article

Integrazione finanziaria, movimento dei capitali e debito estero: lezioni dall’America Latina - Financial Integration, Capital Movements and External Debt: Lessons from Latin America

Author

Listed:
  • Bagella, Michele

    (Dipartimento di Economia e Istituzioni (Department of Economics and Institutions) Facoltà di Economia (Faculty of Economics) Università degli Studi di Roma)

Abstract

The international financial markets are clearly following a trend of on-going integration due to free capital movements. The explosion of external debt, occurred in the eighties in the developing countries, and specifically in Latin America, showed the consequences of higher interconnectedness among the two areas: debtor countries are subject to external shocks, primarily exchange rates ones, while industrialized countries are more linked to the events of developing markets. The stability of financial markets, then, has become the primary target to pursue. The suggestion in this paper is the constitution of an IMF “Special Fund” to face balance of payments needs not due to internal economic policies.

Suggested Citation

  • Bagella, Michele, 1996. "Integrazione finanziaria, movimento dei capitali e debito estero: lezioni dall’America Latina - Financial Integration, Capital Movements and External Debt: Lessons from Latin America," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 49(3), pages 347-372.
    • Handle: RePEc:ris:ecoint:0359
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:ecoint:0359. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Angela Procopio (email available below). General contact details of provider: https://edirc.repec.org/data/cacogit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.