We use a panel dataset on industrial employment and trade for 9 Latin American countries for which liability dollarization data at the industrial level is available. We test whether real exchange rate fluctuations have a significant impact on employment, and analyze whether the impact varies...

Panel data for seven Latin American countries are used to assess the influence of public indebtedness on public investment in infrastructure in the period 1987-2001. Debt increases are associated with higher public infrastructure investment, an effect that is robust to the inclusion of many...

This paper analyses several severe financial crises observed in the history of capitalism which led to a longer period of stagnation or low growth. Comparative case studies of the Great Depression, the Latin American debt crisis of the 1980s and the Japanese crisis of the 1990s and 2000s are...

In the years preceding the international debt crisis of the 1980s, international banks displayed a growing enthusiasm for lending to Mexico and other developing countries. During this period, Mexico's development and commercial banks got heavily involved in intermediating foreign finance with...

In the 1970s Latin America accounted for a high, and constantly increasing, proportion of the total public foreign debt of all developing countries, reaching a share of 35% by the end of the decade. In comparison, Latin America's share of the total GDP of the developing countries is around 20%....

Latin America's foreign debts have been mounting fast in the last ten years. The following article shows that it would nevertheless be wrong to suggest that Latin America has generally run up excessive debts.