Macroeconomic challenges of fiscal decentralization in Latin America in the aftermath of the global financial crisis

Incluye Bibliografía

The economic and financial crisis: its impact on poverty, work and women's time

Incluye Bibliografía

Financial crisis and national policy issues: an overview

Includes bibliography

Mexico: study on the financial crisis, the adjustment policies and agricultural development

Se pasa revista al desarrollo de la economia mexicana en general y del sector agropecuario en particular, desde la segunda guerra mundial hasta la crisis de 1982.

Macroeconomic trends in Paraguay from 1989 to 1997: consumption bubble and financial crisis

Includes bibliography

The impact of the global financial crisis on Latin America

Includes bibliography

The international financial crisis: its nature and the economic policy challenges

Includes bibliography

The bigness of smallness: the financial crisis, its contagion mechanisms and its effects in Latin America

Includes bibliography

Brazil: the international financial crisis and counter-cyclical policies

Includes bibliography

The international financial crisis: diagnoses and prescriptions

Includes bibliography

The global financial crisis: what happened and what’s next

Global economic conditions have been deteriorating sharply since mid- September 2008. Lending has dropped abruptly, credit spreads have widened sharply, stock markets have plunged and economies everywhere are stumbling. Governments around the world have undertaken unprecedented measures, including some coordinated intervention. However, global economic prospects remain troubled, and further policy action is required. In order to better understand the task before policy makers as they chart a new direction, this paper examines how the global economy arrived at its current predicament, looking back at the sequence of events that contributed to create havoc in financial markets, as well as the policy response they produced. In light of these events, we examine the impact on Latin American financial markets in particular. The global nature of the current crisis underscores the need for coordinating the policy response at the global level, as well as advancing towards a new international financial architecture that will make possible a more effective response to the build-up of systemic pressures.

Brazilian exchange rate complexity: Financial crisis effects

With the financial market globalization, foreign investments became vital for the economies, mainly in emerging countries. In the last decades, Brazilian exchange rates appeared as a good indicator to measure either investors' confidence or risk aversion. Here, some events of global or national financial crisis are analyzed, trying to understand how they influenced the "dollar-real" rate evolution. The theoretical tool to be used is the Lopez-Mancini-Calbet (LMC) complexity measure that, applied to real exchange rate data, has shown good fitness between critical events and measured patterns. (C) 2011 Elsevier B.V. All rights reserved.