United States interest rates, Latin American debt and financial contagion

Includes bibliography

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Bibliographic Details
Main Authors: Velloso, Helvia, Bustillo, Inés
Format: Texto biblioteca
Language:English
Published: 2002-12
Subjects:CRISIS FINANCIERA, DEUDA EXTERNA, MERCADOS DE CAPITAL, TASAS DE INTERES, CAPITAL MARKETS, EXTERNAL DEBT, FINANCIAL CRISIS, INTEREST RATES,
Online Access:https://hdl.handle.net/11362/10908
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spelling dig-cepal-11362-109082023-01-23T13:30:34Z United States interest rates, Latin American debt and financial contagion Velloso, Helvia Bustillo, Inés CRISIS FINANCIERA DEUDA EXTERNA MERCADOS DE CAPITAL TASAS DE INTERES CAPITAL MARKETS EXTERNAL DEBT FINANCIAL CRISIS INTEREST RATES Includes bibliography This article analyses the way in which Latin American bond spreads were affected by the changes in United States interest rates in the second half of the 1990s. Empirical analysis shows that, contrary to theory, in this period the spreads of emerging market bonds and United States interest rates moved in opposite directions; that there was financial contagion; that contraction of liquidity and financial contagion can offset the effects of those interest rates on the spreads of emerging market bonds at times of economic and financial turbulence and thus become the most important factors in the evolution of those spreads; and that the increased financial integration associated with the current globalization process has heightened the vulnerability of the developing economies to external shocks. 2014-01-02T18:43:26Z 2014-01-02T18:43:26Z 2002-12 Texto Sección o Parte de un Documento https://hdl.handle.net/11362/10908 LC/G.2187-P en CEPAL Review CEPAL Review 78 application/pdf AMERICA LATINA LATIN AMERICA
institution CEPAL
collection DSpace
country Chile
countrycode CL
component Bibliográfico
access En linea
databasecode dig-cepal
tag biblioteca
region America del Sur
libraryname Biblioteca Hernán Santa Cruz
language English
topic CRISIS FINANCIERA
DEUDA EXTERNA
MERCADOS DE CAPITAL
TASAS DE INTERES
CAPITAL MARKETS
EXTERNAL DEBT
FINANCIAL CRISIS
INTEREST RATES
CRISIS FINANCIERA
DEUDA EXTERNA
MERCADOS DE CAPITAL
TASAS DE INTERES
CAPITAL MARKETS
EXTERNAL DEBT
FINANCIAL CRISIS
INTEREST RATES
spellingShingle CRISIS FINANCIERA
DEUDA EXTERNA
MERCADOS DE CAPITAL
TASAS DE INTERES
CAPITAL MARKETS
EXTERNAL DEBT
FINANCIAL CRISIS
INTEREST RATES
CRISIS FINANCIERA
DEUDA EXTERNA
MERCADOS DE CAPITAL
TASAS DE INTERES
CAPITAL MARKETS
EXTERNAL DEBT
FINANCIAL CRISIS
INTEREST RATES
Velloso, Helvia
Bustillo, Inés
United States interest rates, Latin American debt and financial contagion
description Includes bibliography
format Texto
topic_facet CRISIS FINANCIERA
DEUDA EXTERNA
MERCADOS DE CAPITAL
TASAS DE INTERES
CAPITAL MARKETS
EXTERNAL DEBT
FINANCIAL CRISIS
INTEREST RATES
author Velloso, Helvia
Bustillo, Inés
author_facet Velloso, Helvia
Bustillo, Inés
author_sort Velloso, Helvia
title United States interest rates, Latin American debt and financial contagion
title_short United States interest rates, Latin American debt and financial contagion
title_full United States interest rates, Latin American debt and financial contagion
title_fullStr United States interest rates, Latin American debt and financial contagion
title_full_unstemmed United States interest rates, Latin American debt and financial contagion
title_sort united states interest rates, latin american debt and financial contagion
publishDate 2002-12
url https://hdl.handle.net/11362/10908
work_keys_str_mv AT vellosohelvia unitedstatesinterestrateslatinamericandebtandfinancialcontagion
AT bustilloines unitedstatesinterestrateslatinamericandebtandfinancialcontagion
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