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Observations On The Transmission Of Business Fluctuations: The Case Of Latin America 1972-1989

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  • Stanley C. W. Salvary

    (Canisius College)

Abstract

The business cycle spreads from one country to the next to the extent that there is international trade, international investment, and international financial linkages. Since the Latin American countries are closely linked to the US economy, there should be a close parallel between the performance of the US economy and the economies of Latin America. Under consideration is the extent to which these countries were vulnerable or somewhat less than expected vulnerable to the forces at work in the US economy. The period 1972-1989 is the historical time frame under investigation. Given a changing world economy by the end of the 1980s, generalizations resulting from this study are limited to the study period.

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Bibliographic Info

Paper provided by EconWPA in its series Macroeconomics with number 0411014.

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Length: 19 pages
Date of creation: 20 Nov 2004
Date of revision:
Handle: RePEc:wpa:wuwpma:0411014

Note: Type of Document - doc; pages: 19
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Web page: http://128.118.178.162

Related research

Keywords: Economic Systems; Business Cycle Factors; A System-Dependence Model of Cyclic Behavior; Structural and Pholosophical Types of Economic Systems.;

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  1. Guillermo A. Calvo, 1983. "Trying to Stabilize: Some Theoretical Reflections Based on the Case of Argentina," NBER Chapters, in: Financial Policies and the World Capital Market: The Problem of Latin American Countries, pages 199-220 National Bureau of Economic Research, Inc.
  2. Faini, Riccardo & Clavijo, Fernando & Senhadji-Semlali, Abdel, 1992. "The fallacy of composition argument : Is it relevant for LDCs' manufactures exports?," European Economic Review, Elsevier, vol. 36(4), pages 865-882, May.
  3. Fairise, Xavier & Langot, Francois, 1994. "Labor productivity and the business cycle: Can R.B.C. models be saved?," European Economic Review, Elsevier, vol. 38(8), pages 1581-1594, October.
  4. Benjamin M. Friedman, 1984. "Money, Credit and Interest Rates in the Business Cycle," NBER Working Papers 1482, National Bureau of Economic Research, Inc.
  5. Benjamin M. Friedman, 1986. "Money, Credit, and Interest Rates in the Business Cycle," NBER Chapters, in: The American Business Cycle: Continuity and Change, pages 395-458 National Bureau of Economic Research, Inc.
  6. Detragiache, Enrica, 1992. "Optimal loan contracts and floating-rate debt in international lending to LDCs," European Economic Review, Elsevier, vol. 36(6), pages 1241-1261, August.
  7. Danthine, Jean-Pierre & Girardin, Michel, 1989. "Business cycles in Switzerland : A comparative study," European Economic Review, Elsevier, vol. 33(1), pages 31-50, January.
  8. John Vickers & George Yarrow, 1991. "Economic Perspectives on Privatization," Journal of Economic Perspectives, American Economic Association, vol. 5(2), pages 111-132, Spring.
  9. Nuti, Domenico Mario, 1989. "Remonetisation and capital markets in the reform of centrally planned economies," European Economic Review, Elsevier, vol. 33(2-3), pages 427-438, March.
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