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Dealing with an International Credit Crunch: Policy Responses to Sudden Stops in Latin America

Author

Listed:
  • Cavallo, Eduardo A.
  • Izquierdo, Alejandro

Abstract

As the world confronts an oppressive credit crunch, it is useful to review the policy responses of countries to the systemic sudden stops of the 1990s. Countries have experimented widely, providing a rich array of cases that offer useful policy lessons. This book documents success stories in Chile, Peru and Brazil, and outlines lessons learned from unsuccessful cases as well. It also takes a more systematic approach in analyzing the impact of policies for a wider range of emerging markets.

Suggested Citation

  • Cavallo, Eduardo A. & Izquierdo, Alejandro, 2009. "Dealing with an International Credit Crunch: Policy Responses to Sudden Stops in Latin America," IDB Publications (Books), Inter-American Development Bank, number 12446.
    • Handle: RePEc:idb:idbbks:12446
    DOI: http://dx.doi.org/10.18235/0004489
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    References listed on IDEAS

    as
    1. Boughton, James M, 2000. "From Suez to Tequila: The IMF as Crisis Manager," Economic Journal, Royal Economic Society, vol. 110(460), pages 273-291, January.
    2. Mauricio Cárdenas & Alejandro Badel F., 2003. "La crisis de financiamiento hipotecario en Colombia: causas y consecuencias," Coyuntura Económica, Fedesarrollo, September.
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    More about this item

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • G01 - Financial Economics - - General - - - Financial Crises
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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