Escaleras, Monica; Thomakos, Dimitrios D. - In: Review of Development Economics 12 (2008) 2, pp. 372-385
Using exchange rate uncertainty (ERU) and sociopolitical instability (SPI) as measures of macroeconomic imbalances and political disorder, respectively, we investigate the link between these two factors and private investment in Latin America. The analysis shows that while ERU and SPI negatively...