Kamin, Steven B.; Kahn, Robert B.; Levine, Ross - Federal Reserve Board (Board of Governors of the … - 1989
This paper examines the question of how the path of real GDP in four important Latin American countries, Argentina, Brazil, Chile and Mexico, might have differed if the sharp run-up in borrowing during the late 1970s and early 1980s had not occurred. Specifically, we ask whether these countries...