Resilience in Latin America: Lessons from Macroeconomic Management and Financial Policies

WP/13/259

Resilience in Latin America: Lessons from Macroeconomic Management and Financial Policies
This paper analyzes the unprecedented resilience of Latin American countries to the global financial crisis. It argues that sound macroeconomic conditions, which allowed an unusual monetary and fiscal expansion, exchange rate flexibility, a strong and well--regulated financial system, high level of reserves, and a bit of luck coming from very... READ MORE...

Publication date: December 2013
ISBN 9781475550214
$18.00

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Publication date: December 2013

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Publication date: December 2013

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