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Pt. 1. The macroeconomics of capital flows to Latin America, experience and policy issues / Michael Gavin, Ricardo Hausmann, and Leonardo Leiderman. Commentary / Michael Bruno ... [et al.]. Conclusion to Part 1 / Jacob Frenkel -- Pt. 2. Achieving stability in Latin American financial markets in...
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What are the reasons for and the costs of Latin America's volatility? Because there is no consensus on these … fundamental questions, there is no consensus on the appropriate policy response to macroeconomic volatility in Latin America, and … other shock-prone countries. This paper provides new evidence on these contentious issues, and discusses policy implications …
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