How Latin America weathered the global financial crisis / Jose De Gregorio.

Format:

Book

Author/Creator:

De Gregorio, Jose.

Language:

English

Subjects (All):

Monetary policy--Latin America.

Monetary policy.

Financial crises--Latin America.

Financial crises.

Global Financial Crisis, 2008-2009.

Latin America--Economic policy.

Latin America.

Physical Description:

1 online resource (206 p.)

Edition:

1st ed.

Place of Publication:

Washington, DC : Peterson Institute for International Economics, [2013]

Language Note:

English

Summary:

Why has the economy of Latin America responded more positively than Asia, Europe, or the United States after being hit by the recent global financial crisis? Three years after the worst of the crisis, Latin America's GDP is 25 percent higher than its precrisis level. José De Gregorio, Governor of the Central Bank of Chile from 2007 to 2011, tells the story of how Latin America has responded to the crisis with a perspective that only an insider can have. De Gregorio focuses on the seven largest economies of the region, Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Venezuela (90 percent of the region's output). He argues that Latin America was resilient because of good macroeconomic policies, strong financial systems, and "a bit of luck."

Contents:

Introduction

Monetary and fiscal policies

Exchange rates and reserves

Financial stability

Capital flows.

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9780881326796

0881326798

OCLC:

868068913