Macroeconomic Volatility in Latin America: A View and Three Case Studies / Ricardo J. Caballero.

Format:

Book

Author/Creator:

Caballero, Ricardo J.

Contributor:

National Bureau of Economic Research.

Series:

Working Paper Series (National Bureau of Economic Research) no. w7782.

NBER working paper series no. w7782

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Macroeconomic Volatility in Latin America

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2000.

Summary:

After decades of trial, error, and occasional regress the pieces of a successful Latin American economic model can be seen scattered among the leading economies of the region. The most traditional macroeconomic maladies of the emerging world - such as chronic fiscal imbalances and monetary gimmicks are gradually being left behind. Many of these economies have made significant progress in their regulatory and supervisory frameworks and, at times, have been leaders beyond Latin American boundaries in allowing private sector co-participation in a wide array of ex-public sector activities. Despite these significant efforts, several structural sources of volatility remain, and new ones have emerged as a result of the new and otherwise better economic environment. In this paper I review these sources through the recent experiences of Argentina, Chile and Mexico.

Notes:

Print version record

July 2000.