IDEAS home Printed from https://ideas.repec.org/p/idb/wpaper/4077.html
   My bibliography  Save this paper

Una década de reformas en América Latina: ¿Ha producido una menor inestabilidad?

Author

Listed:
  • Michael Gavin

Abstract

(Disponible en idioma inglés únicamente) ¿Se han hecho menos inestables las economías latinoamericanas como resultado de la estabilización económica y las reformas estructurales puestas en práctica durante la última década? La respuesta es un sí condicionado. Las reformas han ayudado en algo, pero hay que hacer más para asegurar la estabilidad macroeconómica que se necesita para que haya un crecimiento acelerado y más equitativo a largo plazo en la región. Las reformas estructurales han ayudado a reducir la inestabilidad, pero ésta sigue siendo elevada según los parámetros internacionales y no se ha reducido en todos los países. Este trabajo ofrece un programa de políticas y sugiere aspectos de análisis en cuatro áreas claves: i) ¿Cómo se le puede dar más estabilidad a la gestión fiscal? ii) ¿Cómo puede contribuir la gestión de los mercados financieros internos a reducir la volatilidad económica? iii) ¿De qué modo se pueden gestionar los ingresos de capitales? iv) ¿Qué papel desempeña el régimen cambiario?

Suggested Citation

  • Michael Gavin, 1997. "Una década de reformas en América Latina: ¿Ha producido una menor inestabilidad?," Research Department Publications 4077, Inter-American Development Bank, Research Department.
  • Handle: RePEc:idb:wpaper:4077
    as

    Download full text from publisher

    File URL: http://www.iadb.org/research/pub_hits.cfm?pub_id=WP-349&pub_file_name=pubWP-349.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Robert S. Pindyck & Andrés Solimano, 1993. "Economic Instability and Aggregate Investment," NBER Chapters,in: NBER Macroeconomics Annual 1993, Volume 8, pages 259-318 National Bureau of Economic Research, Inc.
    2. Aizenman, Joshua & Marion, Nancy P, 1993. "Policy Uncertainty, Persistence and Growth," Review of International Economics, Wiley Blackwell, vol. 1(2), pages 145-163, June.
    3. Ramey, Garey & Ramey, Valerie A, 1995. "Cross-Country Evidence on the Link between Volatility and Growth," American Economic Review, American Economic Association, vol. 85(5), pages 1138-1151, December.
    4. Jeffrey D. Sachs, 1985. "External Debt and Macroeconomic Performance in Latin America and East Asia," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 16(2), pages 523-573.
    5. Cottani, Joaquin A & Cavallo, Domingo F & Khan, M Shahbaz, 1990. "Real Exchange Rate Behavior and Economic Performance in LDCs," Economic Development and Cultural Change, University of Chicago Press, vol. 39(1), pages 61-76, October.
    6. Barry Eichengreen & Ricardo Hausmann & Jürgen Von Hagen, 1999. "Reforming Budgetary Institutions in Latin America: The Case for a National Fiscal Council," Open Economies Review, Springer, vol. 10(4), pages 415-442, October.
    7. Jeffrey D. Sachs & Andrew Warner, 1995. "Economic Reform and the Process of Global Integration," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 26(1, 25th A), pages 1-118.
    8. Leahy, John V & Whited, Toni M, 1996. "The Effect of Uncertainty on Investment: Some Stylized Facts," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 28(1), pages 64-83, February.
    9. King, Robert G. & Levine, Ross, 1993. "Finance, entrepreneurship and growth: Theory and evidence," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 513-542, December.
    Full references (including those not matched with items on IDEAS)

    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:idb:wpaper:4077. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Felipe Herrera Library). General contact details of provider: http://edirc.repec.org/data/iadbbus.html .

    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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.