The debt crisis: a re-appraisal

The 1980s' debt crisis is a landmark in developing economies' growth and stabilization. According to the most quoted empirical articles, external shocks and vicissitudes gave rise to crisis just because of delays in stabilization policies, engendered by internal conflicts and institutional immaturity. I review some of these papers, and find out some problems - in the measurement of shocks and foreign indebtedness, namely - whose corrections lead to opposite results: external shocks and foreign indebtedness explain that crisis regardless of domestic policies. At the same time, the strong correlation of income distribution to terms of trade changes and foreign indebtedness suggest that inequality may have contributed differently to that crisis: either through an economic channel, or through a political channel based on delays in reforms.

Preliminary Overview of the Economies of Latin America and the Caribbean 2003

Includes bibliography

Economic Survey of Latin America and the Caribbean 2008-2009: Policies for creating quality jobs

Includes bibliography

Financial crises in "successful" emerging economies

Includes bibliography

From capital surges to drought: seeking stability for emerging economies

Includes bibliography

Financial globalization: from crises-prone to development-friendly?

Includes bibliography

Towards a new financial architecture: the management of crises

Includes bibliography

World inflation and foreign debt: the case of the improper deflator

Includes bibliography

The real cost of the external debt for the creditor and for the debtor

Includes bibliography

Debt financing rollercoaster: Latin American and Caribbean access to international bond markets since the debt crisis, 1982-2012

Includes bibliography

Ajuste del balance de pagos, política crediticia y control del endeudamiento externo = Balance-of-payments adjustment, credit policy and control of the external debt

Incluye Bibliografía

Previsión y manejo de las crisis financieras = Preventing and handling financial crises

Publicación bilingüe

Macroeconomic policies in times of crisis: options and perspectives

Includes bibliography

Regional interdependencies and macroeconomic crises: notes on MERCOSUR

Includes bibliography

Debt for nature: a swap whose time has gone?

Includes bibliography