Dealing with an International Credit Crunch: Policy Responses to Sudden Stops in Latin America

As the world confronts an oppressive credit crunch, it is useful to review the policy responses of countries to the systemic sudden stops of the 1990s. Countries have experimented widely, providing a rich array of cases that offer useful policy lessons. This book documents success stories in Chile, Peru and Brazil, and outlines lessons learned from unsuccessful cases as well. It also takes a more systematic approach in analyzing the impact of policies for a wider range of emerging markets.

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Bibliographic Details
Main Author: Inter-American Development Bank
Other Authors: Eduardo A. Cavallo
Language:English
Published: Inter-American Development Bank
Subjects:Fiscal Policy, Sudden Stop, Exchange Rate, Credit Crunch, Economy, Gross Domestic Product, Interest Rate, F30 - International Finance: General, F34 - International Lending and Debt Problems, G01 - Financial Crises, G15 - International Financial Markets, H63 - Debt • Debt Management • Sovereign Debt,
Online Access:http://dx.doi.org/10.18235/0004489
https://publications.iadb.org/en/dealing-international-credit-crunch-policy-responses-sudden-stops-latin-america
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Summary:As the world confronts an oppressive credit crunch, it is useful to review the policy responses of countries to the systemic sudden stops of the 1990s. Countries have experimented widely, providing a rich array of cases that offer useful policy lessons. This book documents success stories in Chile, Peru and Brazil, and outlines lessons learned from unsuccessful cases as well. It also takes a more systematic approach in analyzing the impact of policies for a wider range of emerging markets.